🔴 Red Cat Holdings Inc is trading 10.11% down today on a $200 million stock offering overhang and profit-taking

Red Cat Holdings Inc is trading at $11.20 (-10.11%) as investors react to a $200 million stock offering overhang and profit-taking.

• The stock is extending a sharp pullback following recent defense-contract-driven gains, with traders selling into strength.
• While the broader market is weaker, the move is primarily company-specific as the offering news directly pressures investor sentiment.
• Elevated trading volume reinforces that the stock has been under heavy selling pressure following its recent rally.