Red Cat Holdings Secures $46.75M in Stock Offering

The latest announcement is out from Red Cat Holdings ( (RCAT) ).

On June 17, 2025, Red Cat Holdings entered into a securities purchase agreement with institutional investors for a registered direct offering of 6,448,276 shares of common stock at $7.25 per share, closing on June 18, 2025. The offering raised approximately $46.75 million in gross proceeds, intended for general corporate purposes, including the new unmanned surface vessel division. The transaction, facilitated by Northland Securities, includes restrictions on further stock issuance and variable rate transactions for 30 days post-closing, impacting the company’s operational flexibility and financial strategy.

The most recent analyst rating on (RCAT) stock is a Buy with a $9.00 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 reflects mixed financial performance with strong revenue growth overshadowed by operational and cash flow issues. The positive sentiment from the earnings call, highlighting strategic advancements and potential growth opportunities, contributes significantly to the score, along with moderate positive technical signals.

To see Spark’s full report on RCAT stock, click here.

More about Red Cat Holdings

Red Cat Holdings, Inc. is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations. Through its subsidiaries, Teal Drones and FlightWave Aerospace, the company has developed a leading-edge Family of Systems, including the Black Widow™, TRICHON™, and FANG™ drones, which are designed for various military applications.

Average Trading Volume: 6,315,943

Technical Sentiment Signal: Buy

Current Market Cap: $835.5M

For detailed information about RCAT stock, go to TipRanks’ Stock Analysis page.