Drone Co. Overhyped Army Contract Prospects, Investor Says - Law360


Drone Co. Overhyped Army Contract Prospects, Investor Says - Law360

By Emilie Ruscoe ( May 27, 2025, 10:59 PM EDT) -- Drone maker Red Cat Holdings Inc. faced a proposed investor class action alleging it misled investors about its expectations for capitalizing on a prospective U.S. Army contract, hurting shareholders as markets reacted to adverse news about the contract and the company's potential revenue from the deal....

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