Red Cat Holdings, Inc. (RCAT): M&A transaction — Red Cat closes acquisition of Quaze Technologies for ~$21M in stock plus up to $5M earnout

Red Cat Holdings, Inc.

1,923,308 shares of common stock issued as closing consideration (~$21M based on 20-day VWAP).
Earnout consideration of up to $5M in additional shares subject to integration, revenue and gross margin thresholds.
Quaze develops wireless power technology for drones and robots, enabling autonomous recharging without connectors.
Quaze to operate as an independent Red Cat business unit while maintaining platform-agnostic third-party model.
Acquisition addresses power bottleneck for persistent autonomous operations across air, land and maritime domains.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Red Cat Holdings, Inc. completed an acquisition involving Quaze Technologies Inc. for approximately $21 million of Closing Shares based on the twenty (20) day volume-weighted price of the Common Stock on The Nasdaq Capital Market as of May 18, 20 (closed 2026-05-19).

Action: acquisition
Counterparty: Quaze Technologies Inc.
Consideration: approximately $21 million of Closing Shares based on the twenty (20) day volume-weighted price of the Common Stock on The Nasdaq Capital Market as of May 18, 20
Closing: 2026-05-19

Exact text from the filing

consideration consisting of 1,923,308 shares (the “Closing Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”), which represents approximately $21 million of Closing Shares based on the twenty (20) day volume-weighted price of the Common Stock on The Nasdaq Capital Market as of May 18, 2026. The closing consideration

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15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Red Cat Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-064095

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