Red Cat divests Unusual Machines stake for $4.4M non-dilutive financing

Red Cat Holdings, Inc.

Sold all securities in Unusual Machines for $4.4M cash; includes Series A convertible preferred and $4M promissory notes.
Working capital adjustment of $2M settled by increasing note principal and extending maturity to Nov 30, 2025.
Funds to finance working capital and development of Family of Systems (Teal, Edge 130, FANG FPV drones).
CEO cites three quarters of record revenue and reduced cash burn; non-dilutive capital supports strategic growth.

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