Red Cat Holdings Announces Pricing of $150,000,000 Public Offering of Common Stock
Red Cat Holdings (Nasdaq: RCAT), a drone technology company, has announced the pricing of its public offering of 15,625,000 shares of common stock at $9.60 per share. The offering is expected to generate approximately $150 million in gross proceeds before deducting expenses.
The company has granted underwriters a 30-day option to purchase up to 2,343,750 additional shares. The offering is expected to close around September 19, 2025. Proceeds will be used for general corporate purposes and working capital, including operations of its new unmanned surface vessel division. Northland Capital Markets is serving as sole bookrunner, with Ladenburg Thalmann & Co. Inc. as co-manager.
Red Cat Holdings (Nasdaq: RCAT), azienda tecnologica nel campo dei droni, ha annunciato il prezzo della sua offerta pubblica di 15.625.000 azioni ordinarie a $9.60 per azione. L’operazione dovrebbe generare approssimativamente $150 milioni di proventi lordi prima delle spese.
La società ha concesso agli underwriter un’opzione di 30 giorni per acquistare fino a 2.343.750 azioni aggiuntive. Si prevede che la chiusura dell’offerta avvenga intorno al 19 settembre 2025. I proventi saranno utilizzati per finalità aziendali generali e per il capitale circolante, inclusa l’operatività della nuova divisione dedicata alle navi littorali senza equipaggio. Northland Capital Markets agirà come unico bookrunner, con Ladenburg Thalmann & Co. Inc. come co-manager.
Red Cat Holdings (Nasdaq: RCAT), empresa de tecnología de drones, ha anunciado el precio de su oferta pública de 15.625.000 acciones ordinarias a $9.60 por acción. Se esperan ingresos brutos de aproximadamente $150 millones antes de gastos.
La empresa ha otorgado a los suscriptores una opción de 30 días para comprar hasta 2.343.750 acciones adicionales. Se estima que la oferta cierre alrededor del 19 de septiembre de 2025. Los fondos se destinarán a fines corporativos generales y al capital de trabajo, incluida la operación de su nueva división de buques de superficie no tripulados. Northland Capital Markets actúa como bookrunner único, con Ladenburg Thalmann & Co. Inc. como co-manager.
Red Cat Holdings (Nasdaq: RCAT), 드론 기술 회사는 15,625,000주의 보통주를 주당 $9.60에 가격 결정했다고 발표했습니다. 이번 공모로 세전 비용 차감 전 약 $150백만의 총매출이 발생할 것으로 예상됩니다.
회사는 주관사에 추가로 2,343,750주의 추가 주식을 매입할 수 있는 30일 간의 옵션을 부여했습니다. 공모는 2025년 9월 19일경에 마감될 것으로 보입니다. 자금은 일반 기업 용도와 운전자본, 신규 무인 수상선 부문 운영을 포함한 운영비에 사용할 예정입니다. Northland Capital Markets가 단독 북런너로, Ladenburg Thalmann & Co. Inc.가 공동 매니저로 참여합니다.
Red Cat Holdings (Nasdaq : RCAT), entreprise de technologie des drones, a annoncé le prix de son offre publique de 15 625 000 actions ordinaires à $9,60 par action. L’opération devrait générer environ 150 millions de dollars de produits bruts avant frais.
La société a accordé aux souscripteurs une option de 30 jours pour acheter jusqu’à 2 343 750 actions supplémentaires. La clôture de l’offre est prévue vers le 19 septembre 2025. Les fonds seront utilisés pour des besoins généraux de l’entreprise et le fonds de roulement, y compris les activités de sa nouvelle division de navires de surface sans équipage. Northland Capital Markets agit en tant que bookrunner unique, Ladenburg Thalmann & Co. Inc. en tant que co-manager.
Red Cat Holdings (Nasdaq: RCAT), ein Unternehmen für Drohnentechnologie, hat den Preis für sein öffentliches Angebot von 15.625.000 Stammaktien zu 9,60 USD pro Aktie bekannt gegeben. Das Angebot dürfte vor Abzug der Kosten rund 150 Millionen USD Bruttoerlöse erzielen.
Das Unternehmen hat den Underwritern eine 30-tägige Optionsfrist eingeräumt, um bis zu 2.343.750 zusätzliche Aktien zu zeichnen. Der Abschluss des Angebots wird voraussichtlich am 19. September 2025 erfolgen. Die Erträge werden für allgemeine Unternehmenszwecke und Betriebskapital verwendet, einschließlich der Aktivitäten der neuen Division für unbemannte Oberflächenfahrzeuge. Northland Capital Markets fungiert als alleiniger Bookrunner, Ladenburg Thalmann & Co. Inc. als Co-Manager.
Red Cat Holdings (ناسداك: RCAT)، شركة تكنولوجية في مجال الطائرات بدون طيار، أعلنت عن سعر عرضها العام ل15,625,000 سهماً من الأسهم العادية عند $9.60 للسهم. من المتوقع أن يحقق العرض ما يقرب من $150 مليون من العوائد الإجمالية قبل خصم النفقات.
منحت الشركة للمكتتبين خياراً لمدة 30 يوماً لشراء حتى 2,343,750 سهماً إضافياً. من المتوقع أن يغلق العرض نحو 19 أيلول/سبتمبر 2025. ستُستخدم العوائد للأغراض العامة للشركة ورأس المال العامل، بما في ذلك تشغيل قسم السفن السطحية غير المأهولة الجديد. تتولى Northland Capital Markets دور المكتب التجاري الوحيد (Bookrunner)، في حين تكون Ladenburg Thalmann & Co. Inc. مديراً مشاركاً.
Red Cat Holdings（纳斯达克：RCAT），一家无人机技术公司，宣布其公开发行价格为<243>15,625,000股普通股，价格为每股< b>$9.60。此次发行在扣除费用前预计将产生约< b>$150百万美元的毛收益。
公司已赋予承销商30天的期权，最多购买< b>2,343,750 股额外股票。预计发行将于2025年9月19日左右完成。募集资金将用于公司的一般用途和营运资金，包括新设的无人驾驶水面船舶部门的运营。Northland Capital Markets担任唯一主承销商，Ladenburg Thalmann & Co. Inc.担任共同承销商。
- Substantial capital raise of $150 million to strengthen balance sheet
- Strategic expansion into unmanned surface vessel division
- Strong institutional backing with reputable underwriters
- Significant dilution for existing shareholders with 15.6M new shares
- Share offering priced at $9.60 may pressure current stock price
Insights
Red Cat secures $150M through stock offering at $9.60/share, diluting existing shareholders to fund unmanned vessel division expansion.
Red Cat Holdings has priced a substantial
The underwriters have a 30-day option to purchase up to an additional 2,343,750 shares at the same price, potentially increasing the total capital raised. Northland Capital Markets is serving as the sole bookrunner, with Ladenburg Thalmann & Co. as co-manager.
Looking at the intended use of proceeds, Red Cat plans to direct this capital toward general corporate and working capital purposes, with specific emphasis on operating expenditures for its new unmanned surface vessel division. This signals a strategic expansion beyond aerial drones into maritime autonomous technology, potentially diversifying their product portfolio across multiple domains.
For existing shareholders, this offering will result in immediate dilution as the share count increases substantially. However, the capital influx strengthens Red Cat's balance sheet and provides resources to fund growth initiatives in the rapidly evolving unmanned systems market, particularly in the maritime sector. The company's ability to secure this level of funding suggests investor confidence in Red Cat's technology roadmap and market potential within the defense and commercial drone spaces.
SAN JUAN, Puerto Rico, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced today the pricing of an underwritten public offering of 15,625,000 shares of common stock at a price to the public of
The Company intends to use net proceeds from the offering for general corporate and working capital purposes, including but not limited to operating expenditures related to its new unmanned surface vessel division.
Northland Capital Markets is acting as sole bookrunner and Ladenburg Thalmann & Co. Inc. is acting as co-manager for this transaction.
A shelf registration statement on Form S-3 relating to the securities offered in the public offering described above was filed with the Securities and Exchange Commission (the “SEC”) on September 15, 2025 (File No. 333- 290259) and declared effective by the SEC on September 17, 2025. The offering will be made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. A final prospectus supplement and accompanying prospectus will be filed with the SEC. Copies of the final prospectus supplement and the accompanying prospectus, when available, may also be obtained from Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat develops American-made hardware and software that support military, government, and public safety operations across air, land, and sea. Its Family of Systems, led by Black Widow™, delivers unmatched tactical capabilities in small, unmanned aircraft systems (sUAS). Expanding into the maritime domain through Blue Ops, Inc., Red Cat is also innovating in uncrewed surface vessels (USVs), delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness. Learn more at www.redcat.red.
Safe Harbor Forward-Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Such statements include, but are not limited to, statements relating to the expected timing of the offering and the satisfaction of customary closing conditions related to the offerings, and our intended use of proceeds from the offering. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Form 10-KT filed with the Securities and Exchange Commission on March 31, 2025. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.
Contact:
INVESTORS:
E-mail: Investors@redcat.red
NEWS MEDIA:
Phone: (347) 880-2895
Email: peter@indicatemedia.com
FAQ
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