---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-25-000100"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2025-04-10T23:59:59+00:00"
generated_at: "2026-05-23T17:46:06.723819+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Red Cat Holdings amends Lind note: principal to $18.15M, conversion price cut to $9.52

## Summary
- Note balance increased from $16.5M to $18.15M; maturity extended to May 10, 2026.
- Conversion price lowered from $16.15 to $9.52 per share; warrant exercise price cut from $15.00 to $7.62.
- Company may pay up to 50% of conversion amount in cash at a 2.5% premium (100% for April 2025).
- Price reset, offering proceeds, and participation rights waived through April 17, 2025.
- Warrant for 1,000,000 shares at $7.62; original $15M funding from Lind on February 10, 2025.

## SEC filing metadata
- accession: 0001554795-25-000100
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2025-04-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479525000100/0001554795-25-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479525000100/rcat0410form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-25-000100
- JSON: https://secwatch.observer/filing/0001554795-25-000100.json
- Plain text: https://secwatch.observer/filing/0001554795-25-000100.txt

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