---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-23-000251"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:16:34.087082+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001554795-23-000251
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479523000251/0001554795-23-000251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479523000251/rcat0807form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-23-000251
- JSON: https://secwatch.observer/filing/0001554795-23-000251.json
- Plain text: https://secwatch.observer/filing/0001554795-23-000251.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/748268/000155479523000251/0001554795-23-000251-index.htm

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