Red Cat Holdings Executes Major Tech Sector Deal
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Red Cat Holdings Executes Major Tech Sector Deal

Red Cat Holdings (RCAT) just unveiled an update.

On July 22, 2024, Red Cat Holdings, Inc. completed the sale of its entire stake in Unusual Machines, Inc., involving a complex exchange and sale of common and preferred stock, along with promissory notes, for a total cash consideration of $4.4 million. The deal included a working capital adjustment of $2 million and was announced in a press release by the Company. These financial maneuvers, settled through various agreements, are poised to impact investors and the market with a significant reshuffling of ownership and investment in the tech sector.

Learn more about RCAT stock on TipRanks’ Stock Analysis page.

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