Red Cat Holdings Shares Slide After Public Offering Priced at $9.40
Red Cat Holdings Inc said it will conduct a public offering of 23,936,171 shares at $9.40 per share, a move that sent the company's stock down 14.4% in premarket trading. The offering, which may close on or about May 14, 2026, is expected to generate roughly $225.0 million in gross proceeds before underwriting discounts, commissions and other expen…