TechMediaBreaks – Red Cat Holdings Inc. (NASDAQ: RCAT) Announces Pricing of Underwritten Public Offering

Red Cat (NASDAQ: RCAT) has announced the pricing of its underwritten public offering of 16,000,000 shares of its common stock, each at a public offering price of $0.50, for gross proceeds of $8,000,000. According to the announcement, all of the shares of common stock are being offered by the company. In addition, Red Cat granted the underwriters a 45-day option to purchase up to an additional 2,400,000 shares of common stock at the public offering price less discounts and commissions, to cover over-allotments. Subject to the satisfaction of customary conditions, the offering is expected to close on Dec. 11, 2023. The company intends to use the proceeds for general corporate purposes, including working capital, unless otherwise indicated in a prospectus supplement. ThinkEquity is acting as sole book-running manager for the offering.

To view the full press release, visit https://ibn.fm/DqfFM

About Red Cat Holdings Inc.

Red Cat is a drone technology company integrating robotic hardware and software for military, government and commercial operations. Red Cat’s solutions are designed to “Dominate the Night(TM)” and include the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class. For more information about the company, visit www.RedCatHoldings.com.

About TechMediaWire

TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer

TechMediaWire
Los Angeles, CA
www.TechMediaWire.com
310.299.1717 Office
Editor@TechMediaWire.com

TechMediaWire is powered by IBN