Regulatory filings on August 30, 2026, revealed BlackRock Inc. purchased over 11.2 million shares of Red Cat Holdings. The investment is valued at approximately $119.6 million. This acquisition provides BlackRock with a 9.15% stake in the drone technology firm.
Deutsche Bank AG also reported a new investment of 119,283 shares. This position is valued at roughly $1.27 million.
These institutional disclosures follow a partnership between Red Cat’s maritime division, Blue Ops, and Havoc. The collaboration aims to develop autonomous maritime defense systems. The new capital signals market confidence in Red Cat’s expansion into unmanned defense applications.