{"schema_version":"secwatch.filing_event.v1","accession":"0001554795-24-000325","form_type":"8-K","ticker":"RCAT","cik":"0000748268","company_name":"Red Cat Holdings, Inc.","filed_at":"2024-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.964924+00:00","generated_at":"2026-05-29T17:23:21.725760+00:00","sec_items":["1.01","3.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Red Cat receives $6M from Lind via $7.2M convertible note and warrants","bullets":["Net $6M funding ($210k commitment fee deducted) in exchange for a $7.2M senior secured convertible note and a 5-year warrant for 326,000 shares at $9.20.","Note bears no interest; repaid in 18 monthly installments of $400k starting six months post-issuance.","Repayment optional in cash (1.025x) or shares valued at 90% of the 5 lowest VWAPs over 20 trading days (floor $0.75).","Conversion price $9.20; on prepayment, Lind may convert up to 25% of principal at lower of formula price or conversion price.","Additional warrant: 326,000 shares at $9.20, exercisable for 5 years; registration of underlying shares required within 5 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001554795-24-000325","json":"https://secwatch.observer/filing/0001554795-24-000325.json","markdown":"https://secwatch.observer/filing/0001554795-24-000325.md","text":"https://secwatch.observer/filing/0001554795-24-000325.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/748268/000155479524000325/0001554795-24-000325-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/748268/000155479524000325/rcat1127form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T17:23:21.725760+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}