 HUMACAO, Puerto Rico, July 21, 2021 PRNewswire -- Red Cat Holdings, Inc. NASDAQ: RCAT Red Cat or the Company a technology provider to the drone industry, today announced the closing of its underwritten public offering of 13,333,334 shares of its common stock at a public offering price of 4.50 per share, for gross proceeds of approximately 60,000,000, before deducting underwriting discounts, commissions and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 2,000,000 shares of common stock to cover over-allotments at the offering price, less the underwriting discount. 