[8-K] Red Cat Holdings, Inc. Reports Material Event
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 (RCAT) ha tenuto l'Assemblea Annuale degli Azionisti 2025 il 18 giugno, con 50.411.836 azioni rappresentate su un totale di 90.514.996 azioni in circolazione. L'incontro ha incluso tre proposte principali:
1. Risultati Elezione del Consiglio:
- Jeffrey M. Thompson ha ricevuto il sostegno pi霉 forte con 22.060.730 voti a favore
- Gli altri direttori (Freedman, Funk II, Liuzza Jr. e Moe) hanno ricevuto tra 9,3 e 10 milioni di voti ciascuno
- Notevole numero di voti non espressi da broker, circa 27,8 milioni per tutti i candidati
2. Nomina del Revisore: Gli azionisti hanno approvato con forza dbbmckennon come revisore indipendente con 49.006.127 voti a favore.
3. Approvazione Emissione Azioni: Gli azionisti hanno approvato l鈥檈missione di azioni ordinarie a Lind Global Asset Management XI LLC e X LLC per note convertibili e warrant, con 21.201.292 voti a favore contro 1.119.721 contrari.
Red Cat Holdings (RCAT) celebr贸 su Junta Anual de Accionistas 2025 el 18 de junio, con 50.411.836 acciones representadas de un total de 90.514.996 acciones en circulaci贸n. La reuni贸n incluy贸 tres propuestas clave:
1. Resultados de la Elecci贸n del Consejo:
- Jeffrey M. Thompson recibi贸 el mayor apoyo con 22.060.730 votos a favor
- Otros directores (Freedman, Funk II, Liuzza Jr. y Moe) recibieron entre 9.3 y 10 millones de votos cada uno
- Un n煤mero significativo de votos no emitidos por brokers, aproximadamente 27.8 millones para todos los candidatos
2. Nombramiento del Auditor: Los accionistas aprobaron firmemente a dbbmckennon como auditor independiente con 49.006.127 votos a favor.
3. Aprobaci贸n de Emisi贸n de Acciones: Los accionistas aprobaron la emisi贸n de acciones ordinarias a Lind Global Asset Management XI LLC y X LLC para notas convertibles y warrants, con 21.201.292 votos a favor frente a 1.119.721 en contra.
Red Cat Holdings(RCAT)電� 6鞗� 18鞚� 2025雲� 鞐半 欤检＜齑濏殞毳� 臧滌禍頄堨溂氅�, 齑� 90,514,996欤� 欷� 50,411,836欤�臧� 彀胳劃頄堨姷雼堧嫟. 須岇潣鞐愳劀電� 靹� 臧�歆� 欤检殧 鞎堦贝鞚� 雼る臁岇姷雼堧嫟:
1. 鞚挫偓須� 靹犼卑 瓴瓣臣:
- Jeffrey M. Thompson鞚� 22,060,730响�鞚� 臧曤牓頃� 歆�歆�毳� 氚涭潓
- 雼るジ 鞚挫偓霌�(Freedman, Funk II, Liuzza Jr., Moe)鞚� 臧侁皝 9.3~10氚彪 響滊ゼ 氚涭潓
- 氇摖 頉勲炒鞛愳棎 雽�頃� 鞎� 2,780毵� 響滌潣 欷戧皽鞚� 氍错埇響滉皜 鞛堨棃鞚�
2. 臧愳偓鞚� 鞛勲獏: 欤检＜霌れ潃 dbbmckennon鞚� 霃呺 臧愳偓鞚胳溂搿� 臧曤牓頌� 鞀轨澑頃橂┌ 49,006,127响�毳� 彀劚頃�.
3. 欤检嫕 氚滍枆 鞀轨澑: 欤检＜霌れ潃 鞝勴櫂靷眲 氚� 鞗岆煱韸胳棎 雽�頃� Lind Global Asset Management XI LLC鞕� X LLC鞐� 氤错喌欤� 氚滍枆鞚� 鞀轨澑頄堨溂氅�, 21,201,292响�臧� 彀劚, 1,119,721響滉皜 氚橂寑頃�.
Red Cat Holdings (RCAT) a tenu son Assembl茅e Annuelle des Actionnaires 2025 le 18 juin, avec 50 411 836 actions repr茅sent茅es sur un total de 90 514 996 actions en circulation. La r茅union comprenait trois propositions cl茅s :
1. R茅sultats de l'茅lection du conseil :
- Jeffrey M. Thompson a re莽u le plus fort soutien avec 22 060 730 votes en faveur
- Les autres administrateurs (Freedman, Funk II, Liuzza Jr. et Moe) ont re莽u entre 9,3 et 10 millions de votes chacun
- Un nombre important de votes non exprim茅s par les courtiers, environ 27,8 millions pour tous les candidats
2. Nomination de l'auditeur : Les actionnaires ont fortement approuv茅 dbbmckennon en tant qu'auditeur ind茅pendant avec 49 006 127 votes en faveur.
3. Approbation de l'茅mission d'actions : Les actionnaires ont approuv茅 l'茅mission d'actions ordinaires 脿 Lind Global Asset Management XI LLC et X LLC pour des billets convertibles et des bons de souscription, avec 21 201 292 votes pour et 1 119 721 contre.
Red Cat Holdings (RCAT) hielt am 18. Juni seine Jahreshauptversammlung 2025 ab, bei der 50.411.836 Aktien von insgesamt 90.514.996 ausstehenden Aktien vertreten waren. Die Versammlung umfasste drei wichtige Vorschl盲ge:
1. Wahlergebnisse des Vorstands:
- Jeffrey M. Thompson erhielt mit 22.060.730 Stimmen die st盲rkste Unterst眉tzung
- Andere Direktoren (Freedman, Funk II, Liuzza Jr. und Moe) erhielten jeweils zwischen 9,3 und 10 Millionen Stimmen
- Erhebliche Broker-Nichtstimmen von etwa 27,8 Millionen f眉r alle Kandidaten
2. Bestellung des Wirtschaftspr眉fers: Die Aktion盲re genehmigten dbbmckennon als unabh盲ngigen Pr眉fer mit 49.006.127 Stimmen deutlich.
3. Genehmigung der Aktienausgabe: Die Aktion盲re stimmten der Ausgabe von Stammaktien an Lind Global Asset Management XI LLC und X LLC f眉r wandelbare Schuldverschreibungen und Warrants mit 21.201.292 Stimmen zu, bei 1.119.721 Gegenstimmen.
- Shareholders approved the issuance of shares related to convertible notes and warrants to Lind Global Asset Management, indicating access to additional capital financing
- Strong shareholder participation with over 55% of outstanding shares represented at Annual Meeting (50.4M of 90.5M shares)
- Significant shareholder dissent for four board members (Freedman, Funk, Liuzza, and Moe) with each receiving over 12.5M votes withheld, representing more than 55% of votes cast excluding broker non-votes
Insights
Annual meeting reveals significant shareholder dissent toward four directors, while approving convertible share issuance despite opposition.
The 2025 annual meeting results reveal notable shareholder dissatisfaction with Red Cat's board. While CEO Jeffrey Thompson received strong support (22,060,730 votes), the remaining four directors faced substantial opposition, securing only about 43-45% of votes cast. This level of dissent signals serious governance concerns, as directors typically receive much higher approval rates in uncontested elections.
The ratification of auditor dbbmckennon passed comfortably with 97% support, which is standard for routine proposals. However, the approval of share issuance related to convertible notes and warrants for Lind Global entities passed with only about 94% of votes cast (excluding broker non-votes), indicating some investor concern about potential dilution. The proposal authorizes all shares that are or may become issuable under these financial instruments.
The meeting had approximately 56% shareholder participation (50,411,836 shares represented out of 90,514,996 outstanding), which is relatively standard. Notably, a significant portion of shares (over 27 million) were broker non-votes on non-routine matters, suggesting substantial retail investor ownership who didn't provide voting instructions. The significant opposition to four directors while supporting Thompson points to dissatisfaction with board composition rather than management, potentially creating board dynamics challenges going forward.
Red Cat Holdings (RCAT) ha tenuto l'Assemblea Annuale degli Azionisti 2025 il 18 giugno, con 50.411.836 azioni rappresentate su un totale di 90.514.996 azioni in circolazione. L'incontro ha incluso tre proposte principali:
1. Risultati Elezione del Consiglio:
- Jeffrey M. Thompson ha ricevuto il sostegno pi霉 forte con 22.060.730 voti a favore
- Gli altri direttori (Freedman, Funk II, Liuzza Jr. e Moe) hanno ricevuto tra 9,3 e 10 milioni di voti ciascuno
- Notevole numero di voti non espressi da broker, circa 27,8 milioni per tutti i candidati
2. Nomina del Revisore: Gli azionisti hanno approvato con forza dbbmckennon come revisore indipendente con 49.006.127 voti a favore.
3. Approvazione Emissione Azioni: Gli azionisti hanno approvato l鈥檈missione di azioni ordinarie a Lind Global Asset Management XI LLC e X LLC per note convertibili e warrant, con 21.201.292 voti a favore contro 1.119.721 contrari.
Red Cat Holdings (RCAT) celebr贸 su Junta Anual de Accionistas 2025 el 18 de junio, con 50.411.836 acciones representadas de un total de 90.514.996 acciones en circulaci贸n. La reuni贸n incluy贸 tres propuestas clave:
1. Resultados de la Elecci贸n del Consejo:
- Jeffrey M. Thompson recibi贸 el mayor apoyo con 22.060.730 votos a favor
- Otros directores (Freedman, Funk II, Liuzza Jr. y Moe) recibieron entre 9.3 y 10 millones de votos cada uno
- Un n煤mero significativo de votos no emitidos por brokers, aproximadamente 27.8 millones para todos los candidatos
2. Nombramiento del Auditor: Los accionistas aprobaron firmemente a dbbmckennon como auditor independiente con 49.006.127 votos a favor.
3. Aprobaci贸n de Emisi贸n de Acciones: Los accionistas aprobaron la emisi贸n de acciones ordinarias a Lind Global Asset Management XI LLC y X LLC para notas convertibles y warrants, con 21.201.292 votos a favor frente a 1.119.721 en contra.
Red Cat Holdings(RCAT)電� 6鞗� 18鞚� 2025雲� 鞐半 欤检＜齑濏殞毳� 臧滌禍頄堨溂氅�, 齑� 90,514,996欤� 欷� 50,411,836欤�臧� 彀胳劃頄堨姷雼堧嫟. 須岇潣鞐愳劀電� 靹� 臧�歆� 欤检殧 鞎堦贝鞚� 雼る臁岇姷雼堧嫟:
1. 鞚挫偓須� 靹犼卑 瓴瓣臣:
- Jeffrey M. Thompson鞚� 22,060,730响�鞚� 臧曤牓頃� 歆�歆�毳� 氚涭潓
- 雼るジ 鞚挫偓霌�(Freedman, Funk II, Liuzza Jr., Moe)鞚� 臧侁皝 9.3~10氚彪 響滊ゼ 氚涭潓
- 氇摖 頉勲炒鞛愳棎 雽�頃� 鞎� 2,780毵� 響滌潣 欷戧皽鞚� 氍错埇響滉皜 鞛堨棃鞚�
2. 臧愳偓鞚� 鞛勲獏: 欤检＜霌れ潃 dbbmckennon鞚� 霃呺 臧愳偓鞚胳溂搿� 臧曤牓頌� 鞀轨澑頃橂┌ 49,006,127响�毳� 彀劚頃�.
3. 欤检嫕 氚滍枆 鞀轨澑: 欤检＜霌れ潃 鞝勴櫂靷眲 氚� 鞗岆煱韸胳棎 雽�頃� Lind Global Asset Management XI LLC鞕� X LLC鞐� 氤错喌欤� 氚滍枆鞚� 鞀轨澑頄堨溂氅�, 21,201,292响�臧� 彀劚, 1,119,721響滉皜 氚橂寑頃�.
Red Cat Holdings (RCAT) a tenu son Assembl茅e Annuelle des Actionnaires 2025 le 18 juin, avec 50 411 836 actions repr茅sent茅es sur un total de 90 514 996 actions en circulation. La r茅union comprenait trois propositions cl茅s :
1. R茅sultats de l'茅lection du conseil :
- Jeffrey M. Thompson a re莽u le plus fort soutien avec 22 060 730 votes en faveur
- Les autres administrateurs (Freedman, Funk II, Liuzza Jr. et Moe) ont re莽u entre 9,3 et 10 millions de votes chacun
- Un nombre important de votes non exprim茅s par les courtiers, environ 27,8 millions pour tous les candidats
2. Nomination de l'auditeur : Les actionnaires ont fortement approuv茅 dbbmckennon en tant qu'auditeur ind茅pendant avec 49 006 127 votes en faveur.
3. Approbation de l'茅mission d'actions : Les actionnaires ont approuv茅 l'茅mission d'actions ordinaires 脿 Lind Global Asset Management XI LLC et X LLC pour des billets convertibles et des bons de souscription, avec 21 201 292 votes pour et 1 119 721 contre.
Red Cat Holdings (RCAT) hielt am 18. Juni seine Jahreshauptversammlung 2025 ab, bei der 50.411.836 Aktien von insgesamt 90.514.996 ausstehenden Aktien vertreten waren. Die Versammlung umfasste drei wichtige Vorschl盲ge:
1. Wahlergebnisse des Vorstands:
- Jeffrey M. Thompson erhielt mit 22.060.730 Stimmen die st盲rkste Unterst眉tzung
- Andere Direktoren (Freedman, Funk II, Liuzza Jr. und Moe) erhielten jeweils zwischen 9,3 und 10 Millionen Stimmen
- Erhebliche Broker-Nichtstimmen von etwa 27,8 Millionen f眉r alle Kandidaten
2. Bestellung des Wirtschaftspr眉fers: Die Aktion盲re genehmigten dbbmckennon als unabh盲ngigen Pr眉fer mit 49.006.127 Stimmen deutlich.
3. Genehmigung der Aktienausgabe: Die Aktion盲re stimmten der Ausgabe von Stammaktien an Lind Global Asset Management XI LLC und X LLC f眉r wandelbare Schuldverschreibungen und Warrants mit 21.201.292 Stimmen zu, bei 1.119.721 Gegenstimmen.
FAQ
What were the voting results for RCAT's 2025 Annual Meeting of Stockholders?
Who received the most and least votes among RCAT's director nominees in 2025?
What was the quorum percentage for RCAT's 2025 Annual Meeting?
Did RCAT shareholders approve the Lind Global share issuance proposal in 2025?
Was RCAT's auditor appointment ratified by shareholders for fiscal year 2025?
