RCAT LAWSUIT ALERT: The Gross Law Firm Notifies Red Cat Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

1. Gross Law Firm issues notice for RCAT shareholders regarding class action. 2. Allegations include misleading statements about production capacity and contract values. 3. Class period spans from March 18, 2022 to January 15, 2025. 4. Shareholders can register for updates regarding the case's progress. 5. Lead plaintiff appointment is not necessary for participation in recovery.

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FAQ

Why Very Bearish?

The lawsuit's allegations could undermine investor confidence and stock valuation, as seen in similar cases affecting companies like Nikola Corp., which faced severe price impacts after fraud allegations.

How important is it?

The class action could lead to significant legal costs and investor fallout, critically impacting RCAT's market position.

Why Long Term?

Ongoing litigation and its outcomes can take years, similar to past cases like Fitbit, impacting market perception in the long run.

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NEW YORK, June 16, 2025

/PRNewswire/ -- 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.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/red-cat-holdings-inc-loss-submission-form/?id=152952&from=4

CLASS PERIOD:

March 18, 2022 to January 15, 2025

ALLEGATIONS:

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.

DEADLINE:

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=152952&from=4

NEXT STEPS FOR SHAREHOLDERS:

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.

WHY GROSS LAW FIRM?

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.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

SOURCE The Gross Law Firm