---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-091647"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2025-09-19T23:59:59+00:00"
generated_at: "2026-05-17T06:10:29.637110+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Red Cat raises ~$172.5M in public offering of 17.97M shares at $9.60/share

## Summary
- Priced 15.625M base shares at $9.60; underwriters’ option for 2.34375M additional shares exercised in full.
- Gross proceeds of ~$172.5M; net proceeds for general corporate & working capital, including new USV division.
- Offering closed Sept 19, 2025; lock-up: 60 days for most insiders, 90 days for CEO.
- Lind waived certain rights under existing convertible notes until Sept 26, 2025 in connection with offering.

## SEC filing metadata
- accession: 0001104659-25-091647
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2025-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000110465925091647/0001104659-25-091647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000110465925091647/tm2526539d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-091647
- JSON: https://secwatch.observer/filing/0001104659-25-091647.json
- Plain text: https://secwatch.observer/filing/0001104659-25-091647.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.