Red Cat sells 3,590,425 shares at $9.4 as underwriters exercise option

• Red Cat priced a follow-on offering of 23,936,171 common shares at $9.4 per share under an underwriting agreement with Evercore Group and BofA Securities.
• Underwriters exercised a 30-day option in full for 3,590,425 additional shares on May 14, 2026, with the option shares purchased on May 18, 2026.
• Net proceeds from the option shares earmarked for general corporate purposes, including strategic growth initiatives such as acquisitions, business expansion, R&D, capital spending, and working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Red Cat Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-063175), on May 18, 2026, and is solely responsible for the information contained therein.