Highest-materiality recent filing
Red Cat closes acquisition of Quaze Technologies for ~$21M in stock plus up to $5M earnout
1,923,308 shares of common stock issued as closing consideration (~$21M based on 20-day VWAP).
Red Cat underwriters exercise overallotment option, increasing equity offering by 3.59M shares
Underwriters exercised in full the option to purchase 3,590,425 additional shares at $9.40 per share.
Red Cat prices $225M public offering at $9.40/share; 23.9M shares sold
Gross proceeds of ~$225M from 23,936,171 shares at $9.40 each; closing on May 14, 2026.
Red Cat subsidiary receives $9.5M U.S. Army order under Short Range Reconnaissance Program
Teal Drones receives $9.5M purchase order for additional units from U.S. Army.
Red Cat Q1 revenue $15.5M (+849% YoY); gross margin 12.7% vs (52.1)%
Revenue of $15.5M, up 849% YoY from $1.6M; gross profit $2.0M vs loss of $0.8M prior year.
Red Cat acquires Quaze Technologies for ~$25M in stock, plus $5M earnout
Red Cat subsidiary to buy all shares of Quaze Technologies; closing consideration ~$25M in RCAT common stock.
Red Cat Q4 revenue $26.2M (+1,985% YoY); FY revenue $40.7M (+161%)
Q4 2025 revenue $26.2M vs $1.3M prior year, up 1,985%.
Red Cat preliminary Q4 2025 revenue $24-26.5M, up ~1,842% YoY; FY revenue $38-41M
Q4 2025 revenue expected $24.0-26.5M, up ~1,842% YoY from $1.3M in Q4 2024.
Red Cat promotes CFO Ericson to COO, hires Morrison as CFO effective Dec 2, 2025
Christian Ericson promoted from CFO to COO; salary increased from $230k to $260k; receives 25k RSUs vesting over 2 years.
Red Cat raises ~$172.5M in public offering of 17.97M shares at $9.60/share
Priced 15.625M base shares at $9.60; underwriters’ option for 2.34375M additional shares exercised in full.
Red Cat raises $46.75M via 6.45M share offering at $7.25 per share
Raised ~$46.75M gross proceeds by issuing 6,448,276 shares at $7.25 each, closed June 18, 2025.
Red Cat raises ~$30M in registered direct offering of 4.7M shares at $6.35/share
Gross proceeds ~$30M from sale of 4,724,412 shares at $6.35 per share in registered direct offering.
Red Cat Holdings amends Lind note: principal to $18.15M, conversion price cut to $9.52
Note balance increased from $16.5M to $18.15M; maturity extended to May 10, 2026.
Red Cat appoints CEO Jeffrey Thompson as interim CFO; Christian Ericson as permanent CFO
Jeffrey Thompson, CEO, appointed interim CFO effective March 17, 2025, until filing of 2024 10-K.
Red Cat raises up to $20M debt financing from Lind; applies for $58M from DoD OSC
Entered agreement with Lind Partners for up to $20M; initial tranche of $15M closed on Feb 10, 2025.
Red Cat receives $6M from Lind via $7.2M convertible note and warrants
Net $6M funding ($210k commitment fee deducted) in exchange for a $7.2M senior secured convertible note and a 5-year warrant for 326,000 shares at $9.20.
Red Cat wins US Army SRR program of record for 5,880 drone systems (~$265M base)
Army selects Teal's Black Widow as SRR program of record: 5,880 systems (2 drones + 1 controller per system).
Red Cat wins U.S. Army SRR production contract for 5,880 systems
Teal (Red Cat subsidiary) selected as winner of U.S. Army's Short Range Reconnaissance (SRR) Program of Record for its Black Widow sUAS.
Red Cat issues 2.16M shares to complete FlightWave acquisition; 381,750 shares escrowed
Authorized 2,163,242 common shares to FlightWave stockholders on Sept 30, 2024 as acquisition consideration.
Red Cat Closes $14M Stock Acquisition of FlightWave Aerospace
Acquired FlightWave Aerospace for $14M in RCAT stock, payable in two tranches on Sep 30 and Dec 31, 2024.
Red Cat divests Unusual Machines stake for $4.4M non-dilutive financing
Sold all securities in Unusual Machines for $4.4M cash; includes Series A convertible preferred and $4M promissory notes.
Red Cat appoints Leah Lunger as CFO with $230K salary, 900K RSU initial grant
Base salary of $230,000 per year; eligible for annual bonus up to 50% of base salary.
Red Cat Holdings dismisses auditor BF Borgers after SEC permanently bars firm
SEC permanently barred BF Borgers from practicing before the Commission, effective May 3, 2024.
appointed Jeffrey Thompson, the Company’s Chief Executive Officer and Chairman of the Board of Directors, as Interim Chief Financial Officer, effective from March 17, 2025
On March 11, 2025, the Company appointed Christian Koji Ericson as the Company’s Chief Financial Officer, effective immediately after the filing of the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2024.
On November 25, 2024, George Matus, our Chief Technology Officer and CEO of our subsidiary, Teal Drones, Inc., gave notice that he will be leaving his position in thirty (30) days.
On November 27, 2024, we appointed Geoffrey Hitchcock as our new Chief Revenue Officer.
Paul Funk, II (3) Chair, Nominating and Governance Committee
Max materiality 0.95 · Median 0.60 · Most common event other_material