NasdaqCM:RCATElectronic
Red Cat Holdings (NasdaqCM:RCAT) Raises US$47 Million in Equity Offering
Red Cat Holdings (NasdaqCM:RCAT) recently completed a follow-on equity offering, raising $46.75 million, which could have positively influenced its share price by addressing liquidity concerns. However, the announcement of a class action lawsuit alleging exaggerated production and contract values introduced potential uncertainty. Concurrently, Red Cat’s support for U.S. executive orders advancing drone technology might bolster its strategic alignment, potentially offsetting some negative...