secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0001104659-25-091647
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000110465925091647/0001104659-25-091647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000110465925091647/tm2526539d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-091647

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer