Red Cat Holdings, Inc. (RCAT) Form 8-K — Oct 23, 2026
$RCATForm 8-KItems 1.01, 8.01, 9.01Filed Oct 23, 2026, 4:05 PM ET0001493152-26-048228Original filing
Red Cat Holdings (RCAT) has signed a Business Combination Agreement and launched a voluntary public tender offer to acquire all 5,251,261 shares of Austria's Steyr Motors AG at EUR 39.00 per share in cash, a total of roughly EUR 204.8 million. The offer represents a 28.9% premium to Steyr's October 16, 2026 close and 55.8% premium to its 52-week low, and is backed by an irrevocable undertaking from anchor shareholder B&C Holding Österreich GmbH covering about 15% of the share capital.
Key figures
- Deal Value Usd
- EUR 204.8 million (5,251,261 shares x EUR 39.00 per share, all cash)
- Acceptance deadline
- December 18, 2026, 5:00 p.m. CET
- Fdi approval deadline
- June 30, 2027
- Premium to 52wk low pct
- 55.8
- Offer price eur per share
- 39
- Premium to 30day vwap pct
- 27.3
- Target shares outstanding
- 5251261
- Premium to oct16 close pct
- 28.9
- Irrevocable undertaking pct
- approximately 15% (B&C Holding Österreich GmbH)
- Minimum acceptance threshold
- 50% plus one share
AI analysis
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