secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2025-06-18T23:59:59+00:00
Accession:  0001641172-25-015576
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000164117225015576/0001641172-25-015576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000164117225015576/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-015576

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