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:  0001641172-25-003905
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Cat raises ~$30M in registered direct offering of 4.7M shares at $6.35/share
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- Gross proceeds ~$30M from sale of 4,724,412 shares at $6.35 per share in registered direct offering.
- Offering expected to close April 11, 2025; net proceeds for general corporate purposes and working capital.
- Northland Capital Markets acts as exclusive placement agent; fee is 6.0% of gross proceeds.
- Officers and directors subject to 30-day lock-up on disposal or hedging of common stock.
- Shares sold under effective shelf registration statement on Form S-3 declared effective Dec 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000164117225003905/0001641172-25-003905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000164117225003905/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-003905

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