RCAT News

The IPO market stayed active this past week with seven IPOs raising $1.9 billion. One company withdrew ahead of its expected pricing, specialty insurer The Fortegra Group (FRF). SPAC activity picked up slightly, with three blank check IPOs raising $560 million. New filers took a breather, with six IPOs and five SPACs submitting initial filings. Entertainment...read more

Red Cat Holdings, which develops and sells drone software and products, raised $16 million by offering 4 million shares at $4, below the last close of its shares on the OTCQB ($5.08). The company originally planned to offer 4.9 million shares. At pricing, Red Cat commands a fully diluted market value of $153 million. The company provides products, services, and solutions to the...read more

Red Cat Holdings, which develops and sells drone software and products, announced terms for its IPO on Monday. The Humacao, Puerto Rico-based company plans to raise $20 million by offering 4.9 million shares at $4.10, the April 23 close of its shares on the OTCQB (RCAT). At the midpoint of the proposed range, Red Cat Holdings would command a fully diluted market value of $160...read more

Red Cat Holdings, which develops and sells drone software and products, filed on Thursday with the SEC to raise up to $20 million in an initial public offering. The company is currently listed on the OTCQB (RCAT). The company provides products, services, and solutions to the drone industry. It designs, develops, markets, and sells drone software and products, focusing on drones...read more