Red cat holdings announces pricing of $16 million public offering and nasdaq listing

Humacao, puerto rico, april 29, 2021 /prnewswire/ -- red cat holdings, inc. (nasdaq: rcat) ("red cat" or the "company"), a leading brand in the drone industry, today announced the pricing of its underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $4.00 per share, for gross proceeds of $16,000,000, before deducting underwriting discounts and offering expenses. in addition, the company has granted the underwriters a 45-day option to purchase up to an additional 600,000 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount.
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