Block & Leviton is investigating Red Cat Holdings, Inc. (Nasdaq: RCAT) for potential securities law violations. Investors who have lost money in their Red Cat Holdings, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/rcat.
What is this all about?
Shares of Red Cat Holdings, Inc. are down over 8% today, January 16, 2025, following the release of a report by Kerrisdale Capital. Kerrisdale Capital claims that Red Cat Holdings has overstated the revenue potential of its U.S. Army Short Range Reconnaissance (SRR) drone contract and lacks the production capacity to deliver on its promises. Their report also raises concerns the timing of executives leaving Red Cat Holdings and insider transactions that took place shortly after the announcement of the SRR contract.
Who is eligible?
Anyone who purchased Red Cat Holdings, Inc. common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you’ve lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about Red Cat Holdings, Inc., you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation’s top institutional investors hire us to represent their interests. You can learn more about us at our website www.blockleviton.com, call (888) 256-2510 or email [email protected] with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: [email protected]
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