Red Cat enters $17M at-the-market equity facility with ThinkEquity

Red Cat Holdings, Inc.

ATM Sales Agreement with ThinkEquity LLC for up to $17M of common stock; commission 2.5% of gross proceeds.
ThinkEquity receives up to $75,000 expense reimbursement; total offering expenses estimated at $107,500.
Director Joseph Freedman appointed to audit committee, effective August 7, 2023.
Sales will be made through Nasdaq as at-the-market offerings; settlement typically T+2.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Red Cat Holdings, Inc. entered into Sales Agreement with ThinkEquity LLC valued at up to $17,000,000 (effective 2023-08-08).

Action: entry
Agreement: atm program
Counterparty: ThinkEquity LLC
Value: up to $17,000,000
Effective: 2023-08-08

Exact text from the filing

On August 8, 2023, we entered into an ATM Sales Agreement (the “Sales Agreement”) with ThinkEquity LLC, as sales agent (the “Sales Agent”), pursuant to which we may issue and sell shares of our common stock, $0.001 par value per share, having an aggregate offering price of up to $17,000,000 (the “Shares”), from time to time through the Sales Agent (the “Offering”).

View on SEC.gov

85 material agreements filed in the last 30 days. Browse all material agreements →

Red Cat Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001554795-23-000251

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.