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Stocks/RCAT/SEC Filings/424B5 May 12, 2026

RCAT 424B5: Secondary offering

Red Cat Holdings, Inc.

Filed with the SEC on May 12, 2026 · accession 0001104659-26-059502

RCAT filed a 424B5 (prospectus (offering)) with the SEC on May 12, 2026. Red Cat Holdings, Inc. filed a preliminary prospectus supplement for a $200,000,000 underwritten public offering of shares of its common stock, with an underwriter option for an additional $30,000,000. The stock moved -2.0% by the first close after the filing.

Summary of the filing

Red Cat Holdings, Inc. filed a preliminary prospectus supplement for a $200,000,000 underwritten public offering of shares of its common stock, with an underwriter option for an additional $30,000,000. The offering is being managed by Evercore ISI and BofA Securities.

For details, click here →How to read a 424B5 →

Key details

Total offering amount$200.0M
Underwriter option for additional shares$30.0M
IssuerRed Cat Holdings, Inc.
Joint book-running managerEvercore ISI
Joint book-running managerBofA Securities

How RCAT stock reacted

Close before

$11.25

May 11, 2026

First close after

-1.96%

$11.03

5 trading days

-20.62%

$8.93

Since filing

-64.09%

$4.04

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Frequently asked questions

What did RCAT file with the SEC on May 12, 2026?

RCAT filed a 424B5 (Secondary offering). Red Cat Holdings, Inc. filed a preliminary prospectus supplement for a $200,000,000 underwritten public offering of shares of its common stock, with an underwriter option for an additional $30,000,000. The offering is being managed by Evercore ISI and BofA Securities.

What does a secondary offering mean for RCAT stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did RCAT stock react to this filing?

RCAT closed at $11.25 before the filing and $11.03 on May 12, 2026 (-1.96%). Five trading days later: $8.93 (-20.62%).

Other RCAT SEC filings

  • 8-K · AcquisitionOct 23, 2026
  • SCHEDULE 13G · SEC filingAug 14, 2026
  • 10-Q · SEC filingAug 6, 2026
  • 8-K · SEC filingAug 6, 2026
  • 8-K · Executive departureJul 22, 2026
  • 8-K · SEC filingJun 25, 2026
  • 8-K · SEC filingMay 20, 2026
  • 8-K · SEC filingMay 18, 2026
  • 424B5 · Secondary offeringMay 14, 2026
  • 8-K · SEC filingMay 14, 2026

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Source: SEC EDGAR filing 0001104659-26-059502. The summary and key details are extracted by SEPT from the filing and may contain errors. Price reaction uses daily closing prices. Not financial advice.