Red Cat Holdings, Inc. Announces Pricing of Public Offering
07 12월 2023 - 11:17AM
Red Cat Holdings, Inc. (Nasdaq: RCAT), (“Red Cat” or the
“Company”), today announced the pricing of its previously announced
underwritten public offering of 16,000,000 shares of its common
stock at a public offering price of $0.50 per share, for gross
proceeds of $8,000,000, before deducting underwriting discounts,
commissions and offering expenses. All of the shares of common
stock are being offered by the Company. In addition, the Company
has granted the underwriters a 45-day option to purchase up to an
additional 2,400,000 shares of common stock at the public offering
price less discounts and commissions, to cover over-allotments. The
offering is expected to close on December 11, 2023, subject to
satisfaction of customary closing conditions.
The Company intends to use the proceeds from the
offering for general corporate purposes, including working capital,
unless otherwise indicated in a prospectus supplement.
ThinkEquity is acting as sole book-running
manager for the offering.
The securities will be offered and sold pursuant
to a shelf registration statement on Form S-3 (File No.
333-256216), including a base prospectus, filed with the U.S.
Securities and Exchange Commission (the “SEC”) on June, 11, 2021
and declared effective on June, 14, 2021. The offering will be made
only by means of a written prospectus. A prospectus supplement and
accompanying prospectus describing the terms of the offering will
be filed with the SEC on its website at www.sec.gov. Copies of the
prospectus supplement and the accompanying prospectus relating to
the offering may also be obtained, when available, from the offices
of ThinkEquity, 17 State Street, 41st Floor, New York, New York
10004.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Red Cat Holdings, Inc.Red
Cat (Nasdaq: RCAT) is a drone technology company integrating
robotic hardware and software for military, government and
commercial operations. Red Cat’s solutions are designed to
“Dominate the Night™” and include the Teal 2, a small unmanned
system offering the highest-resolution thermal imaging in its
class. Learn more at www.redcatholdings.com.
Forward Looking StatementsThis
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. 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 final prospectus related
to the public offering filed with the Securities and Exchange
Commission. 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.
Investor Relations:
NEWS MEDIA:CORE Public RelationsPhone: (516) 222-2560Email:
media@redcat.red
INVESTORS:CORE IRPhone: (516) 222-2560Email:
investors@redcat.redWebsite: https://www.redcatholdings.com
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