#USA #New York #Class Action #Levi Korsinsky #Red Cat Holdings

Levi & Korsinsky Announces Class Action Lawsuit Against Red Cat Holdings, Inc.

On July 15, 2025, Levi & Korsinsky, LLP issued an important notice to shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT), who may have suffered investment losses due to alleged securities fraud. This press release informs investors about the initiation of a class action lawsuit and the impending deadline to participate.

Understanding the Lawsuit

The class action seeks to represent individuals who held shares in Red Cat Holdings from March 18, 2022, to January 15, 2025. It aims to recover losses attributed to the company's purportedly misleading statements and concealed facts that inflated the company's perceived value. The allegations center around false claims related to the production capacity of Red Cat's Salt Lake City facility and the estimated worth of the U.S. Army’s Short Range Reconnaissance Program of Record contract.

Key Allegations

According to the filed complaint, there are significant charges against the defendants, stating that they:
1. Overstated the production capacity at the Salt Lake City facility and downplayed the challenges in achieving it.
2. Misleadingly represented the overall value of critical military contracts, leading investors to believe in a false narrative regarding the company’s growth and potential.
3. Issued public statements that were materially inaccurate throughout this timeframe, which misled investors about the company's true financial health.

Taking Action

Investors are urged to act promptly. Those who endured financial losses during this stipulated period have until July 22, 2025 to request the Court appoint them as lead plaintiffs. Importantly, recovering any losses doesn't necessitate being a lead plaintiff, as all class members may still receive compensation.

No Financial Obligations

Investors should know that participating in this class action lawsuit incurs no charges. Individuals deemed class members may receive compensation without any out-of-pocket expenses or legal fees, creating an accessible opportunity for recovery.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has established a robust reputation over the last two decades, successfully recovering hundreds of millions of dollars for shareholders involved in securities litigation. The firm boasts a dedicated team of over 70 professionals, actively engaged in complex legal battles to protect investor interests. For seven consecutive years, Levi & Korsinsky has been recognized as one of the top securities litigation firms in the U.S. by ISS Securities Class Action Services.

How to Contact

Investors looking for more information should reach out to Joseph E. Levi, Esq. via email at [email protected] or call (212) 363-7500. Additional details about the class action lawsuit and how to submit a claim are available through the firm’s official website at zlk.com.

In conclusion, the timeline is critical for Red Cat Holdings investors seeking resolution and recovery for their losses. Make sure to stay informed and act before the approaching deadline.