Red Cat Closes $30 Million Stock Offering

MT Newswires Live

2025/04/15

Red Cat Holdings (RCAT) said Monday it raised roughly $30 million from the sale of about 4.7 million shares to institutional investors.

The company said it plans to use the net proceeds for general corporate purposes, including working capital.

The shares were down over 4% in recent trading.

Price: 5.87, Change: -0.30, Percent Change: -4.79

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