{"schema_version":"secwatch.filing_event.v1","accession":"0001554795-21-000323","form_type":"8-K","ticker":"RCAT","cik":"0000748268","company_name":"Red Cat Holdings, Inc.","filed_at":"2021-09-07T23:59:59+00:00","discovered_at":"2026-05-14T18:04:20.683478+00:00","generated_at":"2026-06-29T05:39:40.065127+00:00","sec_items":["2.01","2.03","3.02","5.02","7.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Red Cat closes acquisition of Teal Drones for $14M in stock; Teal's Golden Eagle is DoD-approved","bullets":["Acquired Teal for $14M in stock (3,738,911 shares at $2.908 VWAP); net after $1.67M DA4 debt, $771K other, $686K working capital deficit ~$10.87M.","Teal's Golden Eagle is 1 of 5 drones approved by U.S. DoD for reconnaissance, public safety, inspection; expands military sector presence.","Earn-out: up to $16M additional shares if Golden Eagle sales reach $36M within 24 months; lower tiers at $24M and $18M.","George Matus remains CEO of Teal with 1-year employment agreement, $130K base salary (escalators to $170K), and 400K restricted shares vesting over 4 years.","Teal also entered $1.67M loan with Decathlon Alpha IV at 10% interest, maturing Dec 2024, secured by Teal assets, guaranteed by Red Cat."],"urls":{"canonical":"https://secwatch.observer/filing/0001554795-21-000323","json":"https://secwatch.observer/filing/0001554795-21-000323.json","markdown":"https://secwatch.observer/filing/0001554795-21-000323.md","text":"https://secwatch.observer/filing/0001554795-21-000323.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/748268/000155479521000323/0001554795-21-000323-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/748268/000155479521000323/rcat0903form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T05:39:40.065127+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0892b02081","claim":"George Matus was appointed as Chief Executive Officer of Teal at Red Cat Holdings, Inc..","evidence_excerpt":"On September 1, 2021 the Company and George Matus entered into an employment agreement under which Mr. Matus will serve as Chief Executive Officer of Teal.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/748268/000155479521000323/0001554795-21-000323-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer of Teal"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}