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Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced today the pricing of an underwritten public offering of 15,625,000 shares of common stock at a price to the public of $9.60 per share. The gross proceeds from the offering to the Company are expected to be approximately $150 million, before deducting underwriting discounts and commissions and other offering expenses. The offering is expected to close on or about September 19, 2025, subject to customary closing conditions. In addition, Red Cat has granted the underwriters a 30-day option to purchase up to 2,343,750 additional shares of common stock at the public offering price, less the underwriting discount.
The Company intends to use net proceeds from the offering for general corporate and working capital purposes, including but not limited to operating expenditures related to its new unmanned surface vessel division.
Posted In: RCAT
