---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-23-000366"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:51:04.344722+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Red Cat prices 16M-share public offering at $0.50/share; gross proceeds $8M

## Summary
- 16,000,000 shares priced at $0.50 per share; gross proceeds $8M, net proceeds ~$7.25M.
- Underwriters granted 45-day option for up to 2,400,000 additional shares to cover over-allotments.
- Proceeds to be used for general corporate purposes, working capital, and capital expenditures.
- Offering expected to close December 11, 2023, subject to customary conditions.
- ThinkEquity LLC acting as sole book-running manager for the offering.

## SEC filing metadata
- accession: 0001554795-23-000366
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479523000366/0001554795-23-000366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479523000366/rcat1207form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-23-000366
- JSON: https://secwatch.observer/filing/0001554795-23-000366.json
- Plain text: https://secwatch.observer/filing/0001554795-23-000366.txt

## Key facts
- Material Agreements
  Red Cat Holdings, Inc. entered into Underwriting Agreement with ThinkEquity LLC valued at aggregate of 16,000,000 shares of the Company's common stock, par value $0.001 per share, at a publi (effective 2023-12-06).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: ThinkEquity LLC
  - Value: aggregate of 16,000,000 shares of the Company's common stock, par value $0.001 per share, at a publi
  - Effective: 2023-12-06
  source text: On December 6, 2023, Red Cat Holdings, Inc., a Nevada corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity LLC, as representative of the underwriters (the “ThinkEquity”), pursuant to which the Company agreed to sell to the underwriters in a firm commitment underwritten public offering (the “Offering”) an aggregate of 16,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a public offering price of $0.50 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/748268/000155479523000366/0001554795-23-000366-index.htm

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