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Red Cat Holdings ( (RCAT) ) just unveiled an update.
On September 17, 2025, Red Cat Holdings entered into an underwriting agreement with Northland Securities for the public offering of 15,625,000 shares of common stock at $9.60 per share, with an option for underwriters to purchase an additional 2,343,750 shares, which was fully exercised. The offering closed on September 19, 2025, raising approximately $172.5 million in gross proceeds. The proceeds are intended for general corporate purposes, including investments in a new unmanned surface vessel division. Additionally, Lind Global Asset Management waived certain rights related to previous agreements with Red Cat in connection with this offering.
The most recent analyst rating on (RCAT) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Red Cat Holdings stock, see the RCAT Stock Forecast page.
Spark’s Take on RCAT Stock
According to Spark, TipRanks’ AI Analyst, RCAT is a Neutral.
The overall stock score for Red Cat Holdings is primarily influenced by its challenging financial performance, which is the most significant factor. Despite some positive technical indicators suggesting potential upward momentum, the lack of valuation metrics and absence of earnings call data add uncertainty. The company’s financial difficulties, including declining revenues and negative profitability, weigh heavily on the score.
To see Spark’s full report on RCAT stock, click here.
More about Red Cat Holdings
Red Cat Holdings, Inc. is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat develops American-made hardware and software supporting military, government, and public safety operations across air, land, and sea. The company is expanding into the maritime domain with uncrewed surface vessels through Blue Ops, Inc.
Average Trading Volume: 9,082,747
Technical Sentiment Signal: Buy
Current Market Cap: $1.12B
Find detailed analytics on RCAT stock on TipRanks’ Stock Analysis page.