---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-24-000306"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2024-11-20T23:59:59+00:00"
generated_at: "2026-05-29T22:14:14.744007+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Red Cat wins US Army SRR program of record for 5,880 drone systems (~$265M base)

## Summary
- Army selects Teal's Black Widow as SRR program of record: 5,880 systems (2 drones + 1 controller per system).
- Average system price ~$45,000; base contract value ~$265M; spares/training could add ~30% annually.
- CEO: No secondary offering now; may use debt short-term; capital needs assessed in Q1 2025 after upfront payments.
- Prior CY2025 rev guidance $50-55M; with $79.5M NDAA line item, total could reach ~$120M.
- Expects adoption by other US branches, federal agencies, NATO; some opportunities could exceed SRR.

## SEC filing metadata
- accession: 0001554795-24-000306
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2024-11-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479524000306/0001554795-24-000306-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479524000306/rcat1120form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-24-000306
- JSON: https://secwatch.observer/filing/0001554795-24-000306.json
- Plain text: https://secwatch.observer/filing/0001554795-24-000306.txt

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