---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-23-000213"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:30:38.506913+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Red Cat Holdings amends sale of consumer drone business; extends closing to Sept 30, 2023

## Summary
- Termination date extended from June 12, 2023 to September 30, 2023.
- Escrow requirement replaced with lockup of 100,000 Unusual shares (or $500K at IPO) for indemnification.
- Unusual Machines to register 300,000 shares for Red Cat within 120 days post-closing; effective within 180 days.
- Unusual to reimburse Red Cat up to $100,000 for documented legal and out-of-pocket expenses.
- Red Cat agrees to 180-day lock-up on shares received from the transaction.

## SEC filing metadata
- accession: 0001554795-23-000213
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479523000213/0001554795-23-000213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479523000213/rcat0712form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-23-000213
- JSON: https://secwatch.observer/filing/0001554795-23-000213.json
- Plain text: https://secwatch.observer/filing/0001554795-23-000213.txt

## Key facts
- Material Agreements
  Red Cat Holdings, Inc. amended Amendment No. 2 to SPA (the “Second Amendment”) with Unusual Machines, Inc. and Jeffrey Thompson (effective 2023-07-10).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: Unusual Machines, Inc. and Jeffrey Thompson
  - Effective: 2023-07-10
  source text: On July 10, 2023, the parties entered into Amendment No. 2 to SPA (the “Second Amendment”). Under the Second Amendment the parties agreed to extend the termination date of the SPA until September 30, 2023 and remove the requirement that the Principal
  evidence_url: https://www.sec.gov/Archives/edgar/data/748268/000155479523000213/0001554795-23-000213-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.