 HUMACAO, Puerto Rico, July 13, 2021 PRNewswire -- Red Cat Holdings, Inc. Nasdaq: RCAT Red Cat or the Company, a technology provider to the drone industry, announced today that it has signed a definitive agreement to acquire Teal Drones, a leader in commercial and government unmanned aerial vehicle technology. The all-stock transaction will add Teal Drones to Red Cats portfolio and strengthen the groups spectrum of offerings across North America. 