Red Cat Holdings, Inc. filings document the regulatory record for a Nevada operating company whose common stock trades on the Nasdaq Capital Market under RCAT. Form 8-K reports cover operating and financial results, purchase orders tied to Teal Drones and the U.S. Army Short Range Reconnaissance Program of Record, and material events involving Red Cat’s defense drone and robotic systems business.
The company’s filings also record completed acquisition activity, including Apium Swarm Robotics and its distributed autonomy technology for unmanned systems. Other disclosure areas include material definitive agreements, common-stock offering terms, capital-structure matters, and proxy materials addressing board governance, executive compensation, equity awards, shareholder voting items, and related public-company controls.
Red Cat Holdings, Inc. director Paul Funk II received 868 restricted stock units (RSUs), each representing the contingent right to one share of RCAT common stock. The RSUs vested on 10/02/2025, converting into 868 shares held directly by Mr. Funk at a reported acquisition price of $0 per share. This transaction reflects a routine equity grant payout converting compensation awards into ordinary shares rather than an open-market purchase or sale. The position after vesting is 868 shares of common stock held directly.
Geoffrey Hitchcock, Chief Revenue Officer of Red Cat Holdings, Inc. (RCAT), reported changes in his holdings on a Form 4. On 10/01/2025 he was credited with 262,500 restricted stock units (RSUs) that convert one-for-one into common stock; those RSUs reflect the first half of a 525,000 RSU grant originally awarded on 11/24/2024 and vesting in equal installments on 10/01/2025 and 10/01/2026. The filing shows a sale of 89,838 shares at $10.47 each on the same date. After these transactions, the reporting person’s disclosed beneficial ownership of common stock is 204,987 shares (per the filing's corrected counting method, the report notes amended filings will follow).
Christopher R. Moe, a director of Red Cat Holdings, Inc. (RCAT), reported a sale of common stock. On 09/29/2025 he disposed of 10,000 shares at a weighted-average price of $10.91 per share (transactions ranged from $10.57 to $11.03). After the sale he beneficially owned 53,073 shares, reported as direct ownership. The Form 4 was signed on 09/30/2025 and includes an explanatory footnote offering to provide transaction-level price details on request.
Red Cat Holdings, Inc. entered into an underwritten public offering of its common stock, selling 15,625,000 base shares plus 2,343,750 additional option shares at $9.60 per share for gross proceeds of approximately $172.5 million before fees. The shares were issued under an effective Form S-3 shelf registration that was declared effective on September 17, 2025, and the offering closed on September 19, 2025.
The company plans to use the net proceeds for general corporate and working capital purposes, including operating expenses and capital investments for its new unmanned surface vessel division. Executive officers and directors agreed to lock-up restrictions for 60 days after closing, with Chief Executive Officer Jeffrey Thompson agreeing to a 90-day lock-up. In connection with the offering, Lind waived certain rights under its existing note, warrant and purchase agreement arrangements until September 26, 2025.
Red Cat Holdings is offering 15,625,000 shares of common stock to institutional investors, with an underwriter option for an additional 2,343,750 shares. The prospectus cites a public offering price of $9.60 per share and estimates net proceeds of approximately $141.3 million to be used for general corporate purposes, including capital investments for a new unmanned surface vessel division. Immediately after the offering the company expects about 115.7 million shares outstanding (118.0 million if the option is fully exercised). The filing discloses a previously identified material weakness in internal control over financial reporting. Pro forma net tangible book value rises from $0.71 to $1.85 per share, creating an immediate dilution to new investors of $7.75 per share.
Red Cat Holdings, Inc. (RCAT) filed a preliminary prospectus supplement on a shelf registration to sell additional shares of common stock on Nasdaq. The offering size, public offering price, and exact dates are left blank in this preliminary document, but the company disclosed a last sale price of $10.83 per share on September 16, 2025 and 100,041,485 shares outstanding as of September 15, 2025. Net proceeds are estimated to be approximately a stated amount in millions (amount redacted here) and are intended for general corporate and working capital purposes, including investments related to a new unmanned surface vessel division. The company disclosed historical acquisitions (Rotor Riot, Fat Shark, Skypersonic, Teal, FlightWave) and noted identified material weaknesses in internal control over financial reporting and related remediation efforts. The prospectus emphasizes significant investment risks, potential dilution, and Nasdaq listing risks.
Christopher R. Moe, a director of Red Cat Holdings, Inc. (RCAT), reported multiple open-market sales of common stock in a Form 4 filing. The filing lists four sales executed between 09/08/2025 and 09/12/2025 totaling 50,000 shares sold at reported weighted-average prices of $8.90, $9.77, $10.79, and $10.96. Following the last reported sale on 09/12/2025, the reporting person beneficially owned 63,073 shares. The filing includes footnotes clarifying that the prices for the 9/11 and 9/12 trades are weighted averages across multiple executions and offers to provide detailed breakouts on request. The Form 4 is signed by Christopher R. Moe on 09/15/2025.
Red Cat Holdings, Inc. files an S-3 shelf registration that discloses a material acquisition and describes the securities offering mechanics to be provided under the prospectus. In September 2024 the company acquired FlightWave Aerospace Systems Corporation for a total purchase price of $14.0 million and established a new subsidiary, FW Acquisition Inc., for ongoing operations. The prospectus text lists detailed terms that will apply to any offered warrants and securities, including exercise mechanics, pricing possibilities, transferability, adjustment provisions, tax considerations and related underwriting and distribution arrangements. The filing also identifies categories of offering expenses such as FINRA fees, accounting, legal and transfer agent fees and lists multiple filings incorporated by reference into the registration statement.
Form 144 Notice: This filing by a person associated with Red Cat Holdings, Inc. (RCAT) notifies the proposed sale of 30,000 common shares through Merrill Lynch with an aggregate market value of $303,404.87, anticipated on 09/11/2025 on NASQ. The shares were acquired mostly as stock bonuses in 2023 (20,000 on 07/14/2023, 2,963 on 07/14/2023 and 7,037 on 11/01/2023) and were received as compensation. The filer also reported prior sales during the past three months totaling 46,833 shares generating gross proceeds of $440,833.45 across four sales in August and September 2025. The notice includes the mandatory representation that the seller knows of no undisclosed material adverse information.
Red Cat Holdings, Inc. (RCAT) Form 144 shows an anticipated sale of 10,000 common shares valued at $89,000, with an approximate sale date of 09/08/2025 on NASQ. The filing reports these shares were acquired on 07/14/2023 as a stock bonus from Red Cat Holdings Inc. and were issued as compensation.
The filer also disclosed three sales in August 2025: 10,000 shares on 08/20/2025 for $89,300, 16,833 shares on 08/21/2025 for $161,247, and 10,000 shares on 08/25/2025 for $100,359. The filing states there is no undisclosed material adverse information known to the seller.