SAN JUAN, Puerto Rico, April 14, 2025 (GLOBE NEWSWIRE) -- 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, has successfully closed the previously announced registered direct offering with certain institutional investors for the purchase and sale of 4,724,412 shares of common stock resulting in gross proceeds of approximately $30 million, before deducting placement agent fees and other offering expenses.
Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words.
Red Cat continues to hire strategic talent, most recently adding Christian Koji Ericson as CFO, previously with PricewaterhouseCoopers and Shawn Webb as President of FlightWave Aerospace, leveraging his 25 years of aerospace and defense experience, including a leadership role at AeroVironment (Nasdaq: AVAV), to enhance the company’s military drone production capabilities.
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