1. RCAT faces class-action lawsuit for misleading production capacity claims. 2. Allegations include overstated values for Salt Lake City Facility and military contracts. 3. Shareholders can register for potential recovery without lead plaintiff appointment. 4. Deadline for lead plaintiff application is July 22, 2025. 5. The Gross Law Firm encourages affected investors to participate.
Class-action lawsuits typically lead to price declines due to investor uncertainty. Historical examples show increased volatility and negative sentiment surrounding companies facing similar allegations.
The legal allegations could impact investor confidence significantly, influencing trading behavior. Given the nature of the claims, it directly affects the perception of RCAT’s value and governance.
The lawsuit process may extend over years, creating prolonged uncertainty for investors. Past cases have shown that ongoing legal issues can deter potential investors and negatively impact stock prices.
The Gross Law Firm issues the following notice to shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT).
Shareholders who purchased shares of RCAT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
March 18, 2022 to January 15, 2025
The complaint alleges that during the class period, Defendants issued 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.
July 22, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/red-cat-holdings-inc-loss-submission-form/?id=156850&from=4
Once you register as a shareholder who purchased shares of RCAT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is July 22, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
The Gross Law Firm
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New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903
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