RED CAT SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Red Cat Holdings, Inc. - RCAT

Core Viewpoint - A securities class action lawsuit has been filed against Red Cat Holdings, Inc. for failing to disclose material information during the class period from March 18, 2022, to January 15, 2025, which is in violation of federal securities laws [1][3]. Group 1: Lawsuit Details - Investors who purchased Red Cat securities during the class period have until July 22, 2025, to file lead plaintiff applications [1][2]. - The lawsuit is pending in the United States District Court for the District of New Jersey [1]. - The case is identified as Olsen v. Red Cat Holdings, Inc., No. 25-cv-05427 [5]. Group 2: Allegations Against Red Cat - Red Cat and certain executives are accused of misleading investors regarding the value of the SRR Contract, which was reported to be worth only approximately $20 million to$25 million based on U.S. Army budget documents [4]. - Concerns have been raised about the production capacity of Red Cat's Salt Lake City Facility and the timing of executive departures and insider transactions following the announcement of the SRR Contract [4]. Group 3: Market Reaction - Following the news of the allegations, Red Cat's share price fell by $2.35, or 21.54$8.56 per share on January 17, 2025 [5].