Red Cat acquires Quaze Technologies for ~$25M in stock, plus $5M earnout

Red Cat Holdings, Inc.

Red Cat subsidiary to buy all shares of Quaze Technologies; closing consideration ~$25M in RCAT common stock.
Earnout of up to $5M in RCAT stock tied to integration, revenue, and gross margin thresholds.
Closing subject to regulatory approvals, Nasdaq listing maintenance, and other customary conditions by Dec 31, 2026.
Purchase includes holdback amounts (adjustment and indemnity) from consideration to cover post-closing adjustments.
Quaze provides drone/robotic solutions; deal aims to expand Red Cat's defense and national security offerings.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Red Cat Holdings, Inc. entered into Share Purchase Agreement with 9563-4747 Quebec Inc. and the equity holders of Quaze Technologies Inc. valued at approximately $25,000,000 in shares of Company common stock as closing consideration, plus up to an (effective 2026-03-30).

Action: entry
Agreement: merger
Counterparty: 9563-4747 Quebec Inc. and the equity holders of Quaze Technologies Inc.
Value: approximately $25,000,000 in shares of Company common stock as closing consideration, plus up to an
Effective: 2026-03-30

Exact text from the filing

On March 30, 2026, Red Cat Holdings, Inc. (the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, entered into a Share Purchase Agreement (the “Purchase Agreement”) with 9563-4747 Quebec Inc., a corporation formed under the laws of Quebec and a direct wholly-owned subsidiary of the Company (the “Purchaser”), the equity holders (the “Vendors”) of Quaze Technologies Inc., a corporation formed under the laws of Quebec (“Quaze”), and the Vendors’ Representative.

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Source: SEC EDGAR

accession 0001628280-26-022154

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