Red Cat Holdings Inc. Announces Closing of $9.2 Million Public Offering (Nasdaq: RCAT)

San Juan, Puerto Rico, Dec. 11, 2023 (GLOBE NEWSWIRE) – Red Cat Holdings, Inc. a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the closing of its previously announced public offering of 18,400,000 shares of its common stock at a public offering price of $0.50 per share for gross proceeds of $9,200,000.  The Crone Law Group P.C. acted as counsel to the Underwriters in connection with the offering.