secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0001554795-25-000100
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000155479525000100/0001554795-25-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000155479525000100/rcat0410form8k.htm
  HTML page:      https://secwatch.observer/filing/0001554795-25-000100

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