Red Cat Holdings, Inc.

Red Cat Holdings, Inc. held its 2026 Annual Meeting of Stockholders where shareholders rejected the non-binding advisory proposal to approve the compensation of the Company's Named Executive Officers. This proposal did not receive the affirmative vote of a majority of the votes cast. Additionally, shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, and elected five directors to the board.

Red Cat Holdings, Inc. introduced Hellcat , a new dual-use small unmanned aircraft system (sUAS) built on its Black Widow platform. Designed for rapidly evolving operational environments, Hellcat incorporates feedback from warfighters and lessons from its partnership with Ukraine. The system, unveiled at Eurosatory 2026, features Modular Open Systems Architecture (MOSA) for customer-driven configurations and offers over 50 minutes of flight time and up to 11 km range.

Red Cat Holdings' maritime division, Blue Ops, has commenced full-rate production of its Variant 7 (V7) uncrewed surface vessel (USV). The V7 is designed, built, and assembled in the U.S. with NDAA-compliant components, targeting U.S. and allied defense missions. This strategic expansion into the maritime domain leverages U.S. boatbuilding expertise and advanced domestic autonomy systems, aligning with federal initiatives to revitalize the U.S. maritime industrial base and rapidly deploy autonomous systems.

Red Cat Holdings, Inc. announced a new contract to deliver its Black Widow drone systems to Japan's Ministry of Defense for the Japan Ground Self-Defense Force (JGSDF). The systems, including aircraft and ground control stations, are expected to be delivered under Japan Fiscal Year 2026. Red Cat will collaborate with Japanese partner HAMA K.K. and plans to expand local industrial involvement through licensed manufacturing and in-country maintenance.

Red Cat Holdings, Inc. has completed its acquisition of Quaze Technologies Inc., a developer of wireless power transfer technology. The initial consideration for the acquisition was approximately $21 million, paid in 1,923,308 shares of Red Cat's common stock. An additional earnout of up to $5 million in shares is contingent on achieving certain performance thresholds. This strategic acquisition is expected to significantly enhance Red Cat's drone and robotic solutions by enabling persistent autonomous operations across various environments, addressing a key limitation in unmanned systems.

Red Cat Holdings, Inc. announced the acquisition of Quaze Technologies Inc., a Québec-based developer of wireless power transfer technology for unmanned systems. This strategic acquisition aims to overcome one of the most significant barriers to true robotic autonomy by enabling autonomous recharging and extending mission duration for drones and autonomous machines. Quaze will operate as an independent Red Cat business unit, integrating its technology across Red Cat's systems while also supporting third-party OEMs, thereby expanding Red Cat's market reach and capabilities in all-domain solutions, particularly in the maritime sector.

Red Cat Holdings announced that the underwriters for its recent common stock offering fully exercised their 30-day option to purchase an additional 3,590,425 shares. These shares were sold at $9.40 per share. The company intends to use the net proceeds from the sale of these option shares for general corporate purposes and to accelerate strategic growth initiatives, including potential acquisitions, business expansion, research and development, capital expenditures, and working capital.

Red Cat Holdings, Inc. completed an underwritten public offering, selling 23,936,171 shares of its common stock at $9.40 per share. This offering generated approximately $225.0 million in gross proceeds for the company. Red Cat also granted the underwriters a 30-day option to purchase up to 3,590,425 additional shares. The net proceeds are earmarked for general corporate purposes and accelerating strategic growth initiatives, including potential acquisitions, business expansion, research and development, capital expenditures, and working capital.

Red Cat Holdings, Inc. announced that its maritime division, Blue Ops, has partnered with Kymeta, a leading flat-panel satellite terminal manufacturer. Kymeta's communications technology will be integrated into Blue Ops' Variant 7 uncrewed surface vessel (USV) to provide reliable, on-the-move connectivity for autonomous maritime operations. This collaboration, part of Red Cat's Futures Initiative, aims to enhance the range, coordination, and effectiveness of USVs, ensuring resilient communications even in contested environments. The integrated solution will be showcased at SOF Week in Tampa.

Red Cat Holdings, Inc. announced the pricing of an underwritten public offering of 23,936,171 shares of its common stock at $9.40 per share. The offering is expected to generate approximately $225.0 million in gross proceeds for the company. Red Cat intends to use the net proceeds for general corporate purposes and to accelerate strategic growth initiatives, including potential acquisitions, business expansion, research and development, capital expenditures, and working capital. The offering is anticipated to close around May 14, 2026.