{"id":4810,"date":"2024-08-16T21:32:34","date_gmt":"2024-08-16T21:32:34","guid":{"rendered":"https:\/\/redcat.red\/?post_type=press_releases&p=4810"},"modified":"2024-08-16T21:33:29","modified_gmt":"2024-08-16T21:33:29","slug":"red-cat-set-to-join-russell-microcap-index","status":"publish","type":"press_releases","link":"https:\/\/redcat.red\/press_releases\/red-cat-set-to-join-russell-microcap-index\/","title":{"rendered":"Red Cat Set to Join Russell Microcap\u00ae\u00a0Index"},"content":{"rendered":"\t\t
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Red Cat Set to Join Russell Microcap\u00ae Index<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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SAN JUAN, Puerto Rico, June 24, 2024 (GLOBE NEWSWIRE) —\u00a0Red Cat Holdings, Inc.<\/a>\u202f(Nasdaq: RCAT) (\u201cRed Cat\u201d), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that it is set to join the Russell Microcap\u00ae<\/sup>\u00a0Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective following the closing of US equity markets on Friday, June 28, 2024, according to a preliminary list of additions posted Friday, May 24, 2024.<\/p>

The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30, 2024, ranking them by total market capitalization. Membership in the Russell Microcap\u00ae<\/sup>\u00a0Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.<\/p>

\u201cRed Cat\u2019s inclusion in the Russell Microcap\u00ae<\/sup>\u00a0Index further solidifies the company\u2019s focused execution in 2024,\u201d said Jeff Thompson, Chief Executive Officer. \u201cRed Cat continues to be at the forefront of the drone industry\u2019s innovation cycle with a new family of low-cost and portable unmanned ISR and precision lethal strike systems. Recognition in the Russell Microcap\u00ae<\/sup>\u00a0Index solidifies our exposure to the investment community during this exciting growth period for our company.\u201d<\/p>

About Red Cat, Inc.\u202f\u202f
Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Red Cat\u2019s solutions are designed to \u201cDominate the Night\u2122<\/a>\u201d and include the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue, and the industry\u2019s first Blue UAS certified FPV drone, FANG\u2122, optimized for the defense industry with surgical strike capabilities. Learn more at\u00a0www.redcat.red<\/a>.<\/p>

Forward-Looking Statements\u202f
This press release contains \u201cforward-looking statements\u201d that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cseek,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201ctarget,\u201d \u201caim,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.\u2019s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled \u201cRisk Factors\u201d in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.\u202f<\/p>

Contacts:<\/p>

INVESTORS:
E-mail:\u00a0Investors@redcat.red<\/a><\/p>

NEWS MEDIA:
Indicate Media
Phone: (347) 880-2895
Email:\u00a0peter@indicatemedia.com<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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