🔴 Red Cat Holdings is trading 5% down today after missing the Pentagon’s Gauntlet II drone contract

Red Cat Holdings is trading 5.01% down now at $6.74 after Teal Drones failed to secure a place among the nine Gauntlet II awardees.

• The Pentagon program covers potential orders for 60,000 drones.
• The contract loss threatens Red Cat Holdings’ annual financial outlook.
• Shares are declining despite broadly mixed-to-positive major indices, indicating company-specific pressure rather than a broad market selloff.