Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Red Cat Holdings, Inc. (NASDAQ: RCAT) securities.
If you suffered a loss on your Red Cat Holdings, Inc. investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: Mar 18 2022 - Jan 15 2025
CASE DETAILS: The filed complaint alleges that Red Cat Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Salt Lake City Facility’s production capacity, and defendants’ progress in developing the same, was overstated; (ii) the overall value of the U.S. Army’s Short Range Reconnaissance Program of Record Tranche 2 contract was overstated; and (iii) as a result, defendants’ public statements were materially false and misleading at all relevant times.
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