Red Cat Raises $46.75 Million From Direct Offering-February 2024-www.financetom.com

Red Cat Raises $46.75 Million From Direct Offering

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Red Cat Raises $46.75 Million From Direct Offering

Jun 18, 2025 1:49 PM

04:23 PM EDT, 06/18/2025 (MT Newswires) -- Red Cat ( RCAT ) said late Wednesday it has closed its direct offering of almost 6.45 million shares to institutional investors, resulting in gross proceeds of about $46.75 million.

The drone technology company said it plans to use the net proceeds for general corporate and working capital purposes.

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