Red Cat Issues Statement Regarding Steyr Motors AG

SALT LAKE CITY, July 28, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, today issued the following statement regarding reports of a potential transaction involving Steyr Motors AG.

As part of its ongoing growth strategy, Red Cat regularly evaluates a range of potential strategic opportunities, including acquisitions, partnerships, and investments that could expand the Company’s capabilities, strengthen its supply chain, and support customers across defense, government, and commercial markets.

Red Cat evaluated and submitted a preliminary, non-binding proposal regarding a potential transaction involving Steyr Motors AG. Red Cat has withdrawn that proposal. No definitive agreement was signed, and at present Red Cat does not have an active proposal outstanding with respect to Steyr Motors AG.

The Company does not intend to comment further on market rumors, speculation, or potential transactions unless and until disclosure is required or otherwise appropriate.

About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its integrated portfolio of trusted U.S. and allied hardware and software, Red Cat supports military, government, and public safety operations across air, land, sea and space. Its systems span small unmanned aircraft systems, uncrewed surface vessels, wireless power transfer technology, and autonomous swarming software to enhance situational awareness, operational effectiveness, and mission safety. Learn more at www.redcat.red

Safe Harbor Forward-Looking Statements
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Investor Contact:
Ankit Hira
Solebury Strategic Communications for Red Cat Holdings, Inc.
E-mail: [email protected]

Media Contact:
Peter Moran
Phone: (347) 880-2895
Email: [email protected]