Red Cat Holdings, Inc. Announces Closing of $9.2 Million Public Offering

December 12, 2023

https://www.globenewswire.com/news-release/2023/12/11/2794282/0/en/Red-Cat-Holdings-Inc-Announces-Closing-of-9-2-Million-Public-Offering.html

SAN JUAN, Puerto Rico, Dec. 11, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq:RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the closing of its previously announced public offering of 18,400,000 shares of its common stock, including 2,400,000 shares sold upon full exercise of the underwriter’s option to purchase additional shares, at a public offering price of $0.50 per share for gross proceeds of $9,200,000, before deducting underwriting discounts and offering expenses.

Read more at globenewswire.com

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