secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001554795-23-000366
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000155479523000366/0001554795-23-000366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000155479523000366/rcat1207form8k.htm
  HTML page:      https://secwatch.observer/filing/0001554795-23-000366

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