RCAT Investors Have Opportunity to Join Red Cat Holdings, Inc. Securities Fraud Investigation with the Schall Law Firm

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. (“Red Cat” or “the Company”) (NASDAQ: RCAT) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Red Cat is the subject of a research report published by Kerrisdale Capital on January 16, 2025. According to the report, the Company overstated the potential revenue of its U.S. Army Short Range Reconnaissance (SRR) drone contract. The report also alleges the Company lacks the production capacity to deliver on its projections. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [e-mail].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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