#None #New York #Class Action #Red Cat Holdings #RCAT

Important Update for Red Cat Holdings, Inc. Investors

The Gross Law Firm has issued a crucial reminder to shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT). If you purchased shares during the specified class period, it is essential to note that the deadline for appointing a lead plaintiff is set for July 22, 2025. This action is part of a pending class action lawsuit that could significantly impact those who invested in the company.

Class Period Details

The class period for this lawsuit spans from March 18, 2022 to January 15, 2025. Shareholders are encouraged to come forward and contact The Gross Law Firm for potential lead plaintiff appointments. It is important to note that you can still recover damages even if you choose not to be appointed as a lead plaintiff.

Allegations Against Red Cat Holdings, Inc.

The allegations in the lawsuit are serious. The complaint asserts that during the designated class period, Red Cat Holdings, Inc. made materially misleading statements and failed to disclose critical information, which led to inflated stock values. Specifically, the allegations indicate that:

• - The production capacity of the Salt Lake City Facility and the advancements in its development were exaggerated.
• - The overall worth of the U.S. Army's Short Range Reconnaissance Program contract was overstated.
• - As a result, Red Cat's public statements regarding its business operations were materially misleading at every relevant moment.

Next Steps for Shareholders

For shareholders who acquired shares of RCAT during the identified timeframe, registering for this class action is pivotal. Upon registration, investors will have access to a portfolio monitoring software that provides status updates throughout the case's lifecycle.

It's important to act without delay, as the deadline for seeking lead plaintiff status is fast approaching on July 22, 2025. This initiative offers shareholders a chance to secure their rights and potentially recover their losses.

Why Choose The Gross Law Firm?

The Gross Law Firm stands as a nationally recognized entity dedicated to championing the rights of investors who face losses due to deceitful practices. Their mission is to ensure that companies adhere to responsible business norms and engage in ethical operations. With a history of success in recovering funds for investors, The Gross Law Firm stresses that no financial commitment is required to participate in this case, making it accessible for all affected shareholders.

For those interested in registering or obtaining more details about the class action, you can visit their official registration page or reach out directly.

Contact Information

To gather more information or to participate, shareholders can get in touch with:

The Gross Law Firm

15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

This situation underscores the significance of vigilance among investors, particularly in light of ongoing legal proceedings. Ensuring awareness and proactive engagement in such matters can be vital in protecting investments and seeking restitution where necessary.