Red cat holdings to acquire teal drones

Humacao, puerto rico, july 13, 2021 /prnewswire/ -- red cat holdings, inc. (nasdaq: rcat) ("red cat'' or the "company"), a technology provider to the drone industry, announced today that it has signed a definitive agreement to acquire teal drones, a leader in commercial and government unmanned aerial vehicle technology. the all-stock transaction will add teal drones to red cat's portfolio and strengthen the group's spectrum of offerings across north america.
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