12:16 PM EDT, 07/22/2024 (MT Newswires) -- Red Cat Holdings ( RCAT ) said Monday it secured $4.4 million of non-dilutive financing through its divestiture in Unusual Machines.

The drone technology company said the proceeds will fund the ongoing development of Red Cat's ( RCAT ) Family of Systems, which includes Teal Drones, Edge 130, and a new line of FANG First-Person View drones.

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