Red Cat offers to buy Steyr Motors for EUR 39 per share in cash

• Red Cat plans to acquire all outstanding Steyr Motors shares for EUR 39 per share in a fully financed, all-cash offer.
• The offer represents a 28.9% premium to Steyr Motors' closing share price on October 16, 2026.
• Anchor shareholder B&C Holding Österreich has committed to tender its shares, representing approximately 15% of Steyr Motors' share capital.
• Completion requires regulatory approvals and acceptance of 50% plus one share; the acceptance period is expected to end December 18, 2026.
• The acquisition would strengthen the buyer's uncrewed surface vessel strategy while retaining Steyr Motors' headquarters, manufacturing and R&D operations in Austria.

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: 0001493152-26-048228), on October 23, 2026, and is solely responsible for the information contained therein.