Red Cat (RCAT) Registration Filing summary

Company overview and business model

• Focuses on the drone industry, providing integrated robotic hardware and software for defense, public safety, and government applications.

• Shifted strategy to defense and government markets after divesting consumer segment in February 2024.

• Manufactures drones in the U.S., leveraging “Made in America” for competitive advantage.

• Recent acquisitions include Flightwave Aerospace, expanding into long-range, AI-powered UAVs.

Financial performance and metrics

• Secured $8M and $6M in funding from Lind Global Asset Management X LLC in September and November 2024, respectively.

• Raised $15M from Lind Global Asset Management XI LLC in February 2025 via a Senior Secured Convertible Promissory Note.

• All previous convertible notes have been fully converted to common stock as of the prospectus date.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by the selling shareholder; proceeds go to the selling shareholder.

• Capital raised through recent financings used for scaling manufacturing, acquisitions, and operational expansion.