business
Why Is Red Cat Stock Tumbling Today?
Key takeaways
- Akanksha Bakshi Wed, May 13, 2026 at 7:11 PM GMT+7 3 min read RCAT Defense drone maker Red Cat Holdings, Inc.
- Red Cat priced an underwritten public offering of 23,936,171 common shares at $9.40 per share.
- The offering is expected to close on or about May 14, 2026, subject to customary closing conditions.
Why Is Red Cat Stock Tumbling Today? Akanksha Bakshi Wed, May 13, 2026 at 7:11 PM GMT+7 3 min read RCAT Defense drone maker Red Cat Holdings, Inc. (NASDAQ:RCAT) shares fell in Wednesday premarket trading after the company priced a $225 million public stock offering at a 15% discount from the last closing price.
Red Cat priced an underwritten public offering of 23,936,171 common shares at $9.40 per share. The offering is expected to generate approximately $225 million in gross proceeds before underwriting discounts, commissions, and other expenses.
The offering is expected to close on or about May 14, 2026, subject to customary closing conditions.
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