Red Cat Holdings Proposes Public Offering of Common Stock

SAN JUAN, Puerto Rico, Sept. 17, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company, announced today its intention to offer shares of its common stock in an underwritten public offering. The company plans to grant Northland Capital Markets a 30-day option to purchase up to an additional 15% of the shares offered.

The proceeds from this offering will be used for general corporate purposes, including operating expenses and capital investments in Red Cat’s new unmanned surface vessel division. The offering will be conducted under a shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission (SEC) on September 17, 2025.

Although the precise size and pricing of the offering have not been disclosed, the company indicated that it is subject to market conditions. There can be no assurance regarding the completion or terms of the offering.

Red Cat Holdings aims to leverage this capital for corporate initiatives intended to support its expansion into unmanned maritime technologies. The decision to pursue equity financing, rather than incurring debt, suggests a strategic focus on minimizing financial leverage amidst current market conditions.

A preliminary prospectus related to the offering will be filed with the SEC and will be made available on their website at www.sec.gov. Investors can also obtain copies from Northland Securities, Inc., located in Minneapolis, MN.

This public offering represents a critical step for Red Cat as it aligns its operational capabilities with market demands for autonomous systems in both military and commercial sectors.