RCAT is trading 5.5% up today at $9.53 after announcing the completion of its $21 million acquisition of wireless power firm Quaze Technologies.
- The acquisition is a strategic move designed to enable autonomous drone recharging, enhancing the company's technological ecosystem.
- Today's gains extend a weekly rebound for the stock following a period of significant price volatility.
- Broader market strength across equity sectors is providing additional tailwinds for the stock's upward momentum.