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Press Releases

Red Cat Holdings to Acquire Teal Drones 

Joint group now positioned for enterprise and military scale

HUMACAO, Puerto Rico, July 13, 2021 /PRNewswire/ — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a technology provider to the drone industry, announced today that it has signed a definitive agreement to acquire Teal Drones, a leader in commercial and government unmanned aerial vehicle technology. The all-stock transaction will add Teal Drones to Red Cat’s portfolio and strengthen the group’s spectrum of offerings across North America.

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Press Coverage

Jul 20
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The Verge | 07/20/16

The World's Fastest Consumer Drone Can Record 4K Video at 85 MPH—George Matus was 11 years old when he flew his first drone. "I was immediately hooked," the young man tells me with a grin. By age 16 he was competing as a professional drone racer and acting as a test pilot for new aircraft. Now 18, he recently finished high school but decided to defer college, opting instead to pursue a fellowship offer from tech billionaire Peter Thiel. He used that money to start his own company, Teal, which today is launching its first product, a consumer facing drone that a beginner can easily fly with an iPhone to capture 4K video ... https://www.theverge.com/2016/7/20/12234888/teal-drone-fastest-camera-quad-matus-thiel-fellow

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