Red Cat Holdings Announces Nasdaq Acceptance of Company’s Plan for Holding Annual Meeting of Shareholders
28 June 2022 - 11:30PM
Red Cat Holdings, Inc. (Nasdaq: RCAT) (the “Company” or “Red Cat”),
a hardware-enabled software provider to the drone industry,
announces that Nasdaq has accepted the Company’s plan to regain
compliance with its rules regarding holding its annual meeting of
shareholders. Nasdaq’s acceptance of Red Cat’s plan allows the
Company to hold its annual meeting of shareholders by September 23,
2022 in order to regain compliance, and the Company intends to meet
this new deadline.
About Red Cat Holdings, Inc.Red Cat provides
drone-based products, services, and solutions through its five
subsidiaries and services the enterprise, military, and consumer
markets. Teal Drones is a leader in unmanned aircraft systems
(UAS), and its Golden Eagle is one of only five drones approved by
the Department of Defense for reconnaissance, public safety, and
inspection applications. Skypersonic’s technology enables drones to
complete inspection services in locations where GPS is not
available, yet still record and transmit data even while being
operated from thousands of miles away. Fat Shark is a leading
provider of First Person View (FPV) video goggles. Rotor Riot, LLC
is a reseller of FPV drones and equipment, primarily to the
consumer marketplace. Learn more
at https://www.redcatholdings.com/.
Forward Looking StatementsThis press release
contains "forward-looking statements" that are subject to
substantial risks and uncertainties. All statements, other than
statements of historical fact, contained in this press release are
forward-looking statements. Forward-looking statements contained in
this press release may be identified by the use of words such as
"anticipate," "believe," "contemplate," "could," "estimate,"
"expect," "intend," "seek," "may," "might," "plan," "potential,"
"predict," "project," "target," "aim," "should," "will" "would," or
the negative of these words or other similar expressions, although
not all forward-looking statements contain these words.
Forward-looking statements are based on Red Cat Holdings, Inc.'s
current expectations and are subject to inherent uncertainties,
risks and assumptions that are difficult to predict. Further,
certain forward-looking statements are based on assumptions as to
future events that may not prove to be accurate. These and other
risks and uncertainties are described more fully in the section
titled "Risk Factors" in the final prospectus related to the public
offering filed with the Securities and Exchange Commission.
Forward-looking statements contained in this announcement are made
as of this date, and Red Cat Holdings, Inc. undertakes no duty to
update such information except as required under applicable
law.
Contact: |
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INVESTORS: |
NEWS MEDIA: |
CORE IR |
Dalton Agency |
Phone: (516) 222-2560 |
(615) 515-4880 (o) |
E-mail: Investors@redcat.red |
(615_337-0964 (m) |
Website: https://www.redcatholdings.com/ |
Email: jbradford@daltonagency.com |
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