Red Cat raises $46.75M via 6.45M share offering at $7.25 per share

Red Cat Holdings, Inc.

Raised ~$46.75M gross proceeds by issuing 6,448,276 shares at $7.25 each, closed June 18, 2025.
Net proceeds for general corporate and working capital, including operating expenses for new unmanned surface vessel division.
Northland Securities served as exclusive placement agent with a 6.0% cash fee on gross proceeds.
Amended Lind Global note and warrants: waived 20% purchase right, removed cash conversion option and prepayment right.

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