Certain Warrants of Red Cat Holdings, Inc. are subject to a Lock-Up Agreement Ending on 6-MAR-2024.
March 05, 2024
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Certain Warrants of Red Cat Holdings, Inc. are subject to a Lock-Up Agreement Ending on 6-MAR-2024. These Warrants will be under lockup for 91 days starting from 6-DEC-2023 to 6-MAR-2024.
Details:
Directors and officers as of the date of this prospectus, have agreed for a period of ninety (90) days after the date of this prospectus supplement, without the prior written consent of the representative, not to directly or indirectly: issue (in the case of us), offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any shares of common stock or other capital stock or any securities convertible into or exercisable or exchangeable for common stock or other capital stock, other than in the case of certain customary exemptions; or in the case of us, file or cause the filing of any registration statement under the Securities Act with respect to any shares of common stock or other capital stock or any securities convertible into or exercisable or exchangeable for common stock or other capital stock, other than certain registration statements on Form S-8; or complete any offering of debt securities of the Company, other than entering into a line of credit, term loan arrangement or other debt instrument with a traditional bank; or enter into any swap or other agreement, arrangement, hedge or transaction that transfers to another, in whole or in part, directly or indirectly, any of the economic consequences of ownership of common stock or other capital stock or any securities convertible into or exercisable or exchangeable for common stock or other capital stock, whether any transaction described in any of the foregoing bullet points is to be settled by delivery of common stock or other capital stock, other securities, in cash or otherwise, or publicly announce an intention to do any of the foregoing.
Red Cat Holdings Inc is a Puerto Rico-based provider of products, services and solutions to the drone industry. The Company provides its services to the enterprise, military, and consumer markets. It designs, develops, markets, and sells drone software and products. Red Cat's Golden Eagle drones are approved by the Department of Defense for reconnaissance, public safety, and inspection applications. The technology of Skypersonic Inc, a subsidiary of the Company enables drones to complete inspection services in locations where Global Positioning System (GPS) is not available, yet still record and transmit data even while being operated from thousands of miles away. The Company's offering also includes First Person View (FPV) video goggles that give pilots a better perspective to control their drone in flight. Red Cat Holdings Inc operates through several subsidiaries, including Teal Acquisition I Corp and Rotor Riot, LLC.