secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001641172-25-003746
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000164117225003746/0001641172-25-003746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000164117225003746/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-003746

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer