{"schema_version":"secwatch.filing_event.v1","accession":"0001554795-24-000026","form_type":"8-K/A","ticker":"RCAT","cik":"0000748268","company_name":"Red Cat Holdings, Inc.","filed_at":"2024-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.856998+00:00","generated_at":"2026-06-05T05:52:15.511654+00:00","sec_items":["2.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Red Cat closes sale of consumer division to Unusual Machines for $20M; corrects Thompson stake","bullets":["Total consideration: $1M cash, $2M 8% promissory note (18-month term), and $17M UMAC stock (4.25M shares, ~48.66% of UMAC).","Red Cat exited consumer drones (Rotor Riot, Fat Shark); will focus exclusively on military/government drone tech (Teal Drones).","5-year non-compete bars UMAC from selling Group 1/2 UAVs to government customers; referral revenue share of 10% for Teal.","Amendment corrects Jeffrey Thompson's UMAC ownership to 328,500 shares (3.76%) from previously reported 1,557,000.","UMAC must register 500,000 shares for resale within 120 days of IPO registration effectiveness."],"urls":{"canonical":"https://secwatch.observer/filing/0001554795-24-000026","json":"https://secwatch.observer/filing/0001554795-24-000026.json","markdown":"https://secwatch.observer/filing/0001554795-24-000026.md","text":"https://secwatch.observer/filing/0001554795-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/748268/000155479524000026/0001554795-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/748268/000155479524000026/rcat0301form8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:52:15.511654+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ba13524c8b7d483c01539377a5878d8096444a50","claim":"Red Cat Holdings, Inc. completed a disposition involving Unusual Machines, Inc. for $20 million (closed 2024-02-16).","evidence_excerpt":"Advisors, Inc. Consideration for Sale of Consumer Division Under the SPA The total consideration received by the Company for its sale of Rotor Riot and Fat Shark was valued at $20 million, and consisted of the following elements: · $1 million in cash, which was paid from the proceeds of UMAC’s initial public offering; · $2 million in the form of a promissory note","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/748268/000155479524000026/0001554795-24-000026-index.htm","confidence":0.98,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Unusual Machines, Inc."},{"label":"Consideration","value":"$20 million"},{"label":"Closing","value":"2024-02-16"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}