AG真人官方

Red Cat Holdings (RCAT) Form 4 highlights:

• Director Nicholas R. Liuzza Jr. reported four transactions between 20 May 2025 and 10 Jun 2025.
• Acquisitions: Exercised 100,000 warrants at $1.50 on 20 May and another 100,000 warrants at $1.50 on 9 Jun, adding 200,000 common shares.
• Disposals: Sold 100,309 shares on 21 May at a weighted-average $6.697 (range $6.66鈥�$6.72) and 100,000 shares on 10 Jun at $8.58.
• After the sequence of buy-and-sell events, beneficial ownership dropped from 487,754 to 387,445 shares.
• The filing specifies that earlier reports aggregated equity and derivative positions; amended reports will further clarify holdings.
• Liuzza remains a director and files individually (not a joint filing).

The pattern shows warrant exercises at a deep discount to market, followed by immediate monetisation of a similar number of shares at materially higher prices. While the capital inflow from warrant exercise benefits RCAT, the net reduction of roughly 100 k shares鈥攐r about 20% of the director鈥檚 previous stake鈥攎ay signal partial profit-taking.

Red Cat Holdings (RCAT) 鈥� Form 4 insider activity: On 06/30/2025, director Joseph David Freedman exercised 150,000 employee stock options at an exercise price of $2.51 and immediately sold the same 150,000 common shares at a weighted-average price of $7.37 (range: $7.33鈥�$7.46).

The transaction generated an approximate gross spread of $4.86 per share (about $729k before taxes) and reduced Freedman鈥檚 direct ownership from 315,260 to 165,260 shares, a decline of roughly 47%. All related derivative options were fully exercised, leaving the insider with zero remaining option holdings.

The filing notes that previously reported aggregate figures will be corrected in future amended reports. No other material company financial data were disclosed.

Red Cat Holdings (RCAT) held its 2025 Annual Meeting of Stockholders on June 18, with 50,411,836 shares represented out of 90,514,996 total outstanding shares. The meeting included three key proposals:

1. Board Election Results:

• Jeffrey M. Thompson received strongest support with 22,060,730 votes in favor
• Other directors (Freedman, Funk II, Liuzza Jr., and Moe) received between 9.3-10 million votes each
• Significant broker non-votes of approximately 27.8 million for all candidates

2. Auditor Appointment: Shareholders strongly approved dbbmckennon as independent auditor with 49,006,127 votes in favor.

3. Share Issuance Approval: Stockholders approved issuance of common stock to Lind Global Asset Management XI LLC and X LLC for convertible notes and warrants, with 21,201,292 votes in favor versus 1,119,721 against.

Red Cat Holdings announced a $46.75 million registered direct offering through the sale of 6,448,276 shares of common stock at $7.25 per share to institutional investors. The offering closed on June 18, 2025, with Northland Securities serving as exclusive placement agent for a 6.0% fee.

Key details of the offering include:

• Proceeds will fund general corporate purposes and operating expenses for new unmanned surface vessel division
• 30-day lock-up period for company executives and directors
• Company restricted from issuing additional shares or entering variable rate transactions for 30 days

Additionally, the company amended agreements with Lind Global Asset Management, modifying terms of existing convertible notes and warrants. Key changes include:

• Exempting the current offering from triggering price adjustments
• Removing the company's cash payment option for conversions
• Eliminating prepayment rights on the promissory note