secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2026-05-14T21:20:47+00:00
Accession:  0001104659-26-061333
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000110465926061333/0001104659-26-061333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000110465926061333/tm2614279d7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-061333

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