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Lost Money on Red Cat Holdings, Inc.(RCAT)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky

1. A class action lawsuit has been filed against Red Cat Holdings. 2. Claims indicate overstated production capacity and contract values. 3. Investors affected from March 2022 to January 2025 can join the case. 4. Levi & Korsinsky LLP leads the lawsuit, with a strong track record. 5. Compensation may be available for involved investors without any fees.

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FAQ

Why Bearish?

The lawsuit could cause investor confidence to decline, similar to past cases seen in companies facing similar allegations.

How important is it?

The ongoing legal issues can hurt market perception and stock performance, impacting RCAT's value significantly.

Why Short Term?

The immediate repercussions from the lawsuit could affect stock prices rapidly as it develops.

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BBAIAVAVPLTR
, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Red Cat Holdings, Inc. ("Red Cat Holdings, Inc." or the "Company") (NASDAQ: RCAT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Red Cat Holdings, Inc. investors who were adversely affected by alleged securities fraud between March 18, 2022 and January 15, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/red-cat-holdings-inc-lawsuit-submission-form?prid=157434&wire=4 RCAT investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed 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. WHAT'S NEXT? If you suffered a loss in Red Cat Holdings, Inc. during the relevant time frame, you have until July 22, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Esq.Ed Korsinsky, Esq.33 Whitehall Street, 17th FloorNew York, NY 10004[email protected]Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com SOURCE Levi & Korsinsky, LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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