---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-25-000037"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T23:07:54.015929+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Red Cat raises up to $20M debt financing from Lind; applies for $58M from DoD OSC

## Summary
- Entered agreement with Lind Partners for up to $20M; initial tranche of $15M closed on Feb 10, 2025.
- Senior secured convertible note face amount $16.5M, convertible at $16.15/share; 1M warrants at $15/share.
- Applied for $58M debt financing from DoD Office of Strategic Capital to scale production of Black Widow, Edge 130, FANG drones.
- Note due Feb 10, 2026, no interest, secured by all assets; commitment fee $525,000 may be deducted from funding.
- Funds to expedite Edge 130 factory and ramp up mass production of Black Widow for U.S. DoD and NATO allies.

## SEC filing metadata
- accession: 0001554795-25-000037
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479525000037/0001554795-25-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479525000037/rcat0211form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-25-000037
- JSON: https://secwatch.observer/filing/0001554795-25-000037.json
- Plain text: https://secwatch.observer/filing/0001554795-25-000037.txt

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