TechMediaBreaks – Red Cat Holdings Inc. (NASDAQ: RCAT) Announces $46.75M Registered Direct
Red Cat Holdings (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, has announced its entry into securities purchase agreements with certain institutional investors for the purchase and sale of 6,448,276 shares of common stock, pursuant to a registered direct offering. The company anticipates gross proceeds of approximately $46.75 million from the offering, which, subject to the satisfaction of customary conditions, is expected to close on or about June 18, 2025. Red Cat intends to use net proceeds for general corporate and working capital purposes, including but not limited to operating expenditures…