Certain Options of Red Cat Holdings, Inc. are subject to a Lock-Up Agreement Ending on 29-JUL-2021.
July 28, 2021
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Certain Options of Red Cat Holdings, Inc. are subject to a Lock-Up Agreement Ending on 29-JUL-2021. These Options will be under lockup for 91 days starting from 29-APR-2021 to 29-JUL-2021.
Details:
The Company, each of its directors and officers and 5% or greater holders of the Company’s outstanding shares of common stock as of the date of the prospectus, have agreed for a period of (i) six months after the date of the prospectus in the case of directors and officers and (ii) three months after the date of the prospectus in the case of the Company and the 5% or greater holders of the Company’s outstanding common stock not to offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any shares of common stock or other capital stock or any securities convertible into or exercisable or exchangeable for common stock without the prior written consent of the representative.
Red Cat Holdings Inc is a Puerto Rico-based provider of products, services and solutions to the drone industry. The Company provides its services to the enterprise, military, and consumer markets. It designs, develops, markets, and sells drone software and products. Red Cat's Golden Eagle drones are approved by the Department of Defense for reconnaissance, public safety, and inspection applications. The technology of Skypersonic Inc, a subsidiary of the Company enables drones to complete inspection services in locations where Global Positioning System (GPS) is not available, yet still record and transmit data even while being operated from thousands of miles away. The Company's offering also includes First Person View (FPV) video goggles that give pilots a better perspective to control their drone in flight. Red Cat Holdings Inc operates through several subsidiaries, including Teal Acquisition I Corp and Rotor Riot, LLC.