Levi & Korsinsky Urges Red Cat Holdings Investors to Act on Class Action Lawsuit by July 2025

Red Cat Holdings Investors: Important Class Action Update



Levi & Korsinsky, LLP is reaching out to shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT) regarding an ongoing class action securities lawsuit that may significantly impact investors who were affected by alleged securities fraud. The deadline for potential lead plaintiffs to step forward is fast approaching, with July 22, 2025, marking a crucial date for those involved.

What You Need to Know



This lawsuit seeks to recover losses incurred by investors from March 18, 2022, until January 15, 2025, during which the company allegedly provided misleading information regarding its operations and contracts. Specifically, the complaint alleges that Red Cat Holdings misled investors about:

1. The actual production capacity of its Salt Lake City Facility.
2. The overall value of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract.

Such discrepancies raised serious concerns about the accuracy of the company's public statements, which were deemed materially false and misleading throughout the specified timeframe.

Next Steps for Affected Investors



Investors who believe they suffered losses in Red Cat Holdings during the relevant period are strongly encouraged to act before the lead plaintiff deadline. Stakeholders can file a request to be appointed as lead plaintiff in this case and they have until July 22, 2025, to do so. Importantly, participation in any potential recovery does not necessitate being a lead plaintiff. The law firm emphasizes that there are no out-of-pocket costs associated with participating in this class action; potential class members are entitled to compensation without any upfront fees.

Why Levi & Korsinsky?



With over 20 years of experience, the team at Levi & Korsinsky has built a formidable reputation in the field of securities litigation, recovering hundreds of millions of dollars for misled shareholders. The firm boasts a dedicated team of over 70 legal professionals specializing in complex securities issues. In fact, for the last seven consecutive years, Levi & Korsinsky has been recognized in ISS Securities Class Action Services' Top 50 Report as one of the premier securities litigation firms in the United States.

Contact Information



If you are a Red Cat Holdings investor who is concerned about this class action lawsuit or would like more information about your rights and options, please reach out to:

  • - Joseph E. Levi, Esq.
  • - Email: jlevi@zlk.com
  • - Phone: (212) 363-7500

Alternatively, you can complete a submission form on Levi & Korsinsky's website for additional details and assistance.

Stay informed and take action to protect your rights as an investor.

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This notice serves as a critical reminder to all investors of Red Cat Holdings, Inc. to stay vigilant regarding the developments of this pending class action lawsuit. Time is of the essence, and your participation may play a significant role in the outcome of this case.

Topics Financial Services & Investing)

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