Red Cat prices $225M public offering at $9.40/share; 23.9M shares sold

Red Cat Holdings, Inc.

Gross proceeds of ~$225M from 23,936,171 shares at $9.40 each; closing on May 14, 2026.
Underwriters granted 30-day option to buy up to 3,590,425 additional shares at same price.
Net proceeds earmarked for general corporate purposes and strategic growth initiatives including acquisitions, R&D, capex.
Evercore ISI and BofA Securities acted as joint lead bookrunners; Needham and Northland as co-managers.

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