Red Cat amends $16.5M convertible note, extends stockholder approval deadline to June 30, 2025

Red Cat Holdings, Inc.

Second Amendment to $16.5M senior secured convertible promissory note with Lind Global caps conversion shares under Nasdaq Rule 5635(d).
Feb '25 warrant (1M shares) and Nov '24 warrant (326K shares) also amended to include share issuance cap.
Deadline for stockholder approval under Securities Purchase Agreement extended from April to June 30, 2025.
Certain stockholders entered support agreements to vote in favor of required stockholder approval.

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