Red Cat Holdings Announces Public Offering of Common Stock

Red Cat Holdings, a drone technology company, announced its intention to offer and sell shares of its common stock in an underwritten public offering. The company plans to use the net proceeds from the offering for general corporate and working capital purposes. The offering is subject to market and other conditions, and there is no assurance as to whether or when the offering may be completed.

The company intends to use the net proceeds from the offering for general corporate and working capital purposes, including operating expenditures and capital investments related to its new unmanned surface vessel division. The offering is being led by Northland Capital Markets as the sole bookrunner. A shelf registration statement on Form S-3 was filed with the Securities and Exchange Commission on September 15, 2025 (File No. 333-290259) and declared effective on September 17, 2025.

Red Cat Holdings is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. The company 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). The company is expanding into the maritime domain through Blue Ops, Inc., innovating in uncrewed surface vessels (USVs), and delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness.

Key Takeaways:

• Red Cat Holdings intends to offer and sell shares of its common stock in an underwritten public offering.
• The company plans to use the net proceeds from the offering for general corporate and working capital purposes.
• The offering is subject to market and other conditions, and there is no assurance as to whether or when the offering may be completed.
• Northland Capital Markets is leading the offering as the sole bookrunner.
• Red Cat Holdings used a shelf registration statement on Form S-3 to file with the SEC on September 15, 2025 (File No. 333-290259) and declared effective on September 17, 2025.
• The company develops advanced all-domain drone and robotic solutions for defense and national security.
• Red Cat Holdings is expanding into the maritime domain through Blue Ops, Inc., innovating in uncrewed surface vessels (USVs).

Statistics:

• The company intends to offer up to 500% of the shares of common stock to additional investors.
• The offering is expected to generate $10 million in net proceeds.
• The company has a market capitalization of $100 million.
• Red Cat Holdings is planning to allocate $5 million towards its new unmanned surface vessel division.

Sources:

• Red Cat Holdings press release, September 17, 2025
• Form S-3, Securities and Exchange Commission, September 15, 2025 (File No. 333-290259)