Red Cat Holdings (RCAT) rose about 8% to $5.10 after announcing a proposed all-cash voluntary public offer for all outstanding shares of Austrian engine maker Steyr Motors. Anchor shareholder B&C Group has irrevocably committed to tender its shares. The deal could add an in-house engine supplier to Red Cat's propulsion stack for the Variant 7 uncrewed surface vessel and its Black Widow drone. Red Cat ended Q2 FY2026 with $325.55 million in cash, but revenue of $20.19 million, up 527% year over year, missed the $22.58 million consensus, and the GAAP loss of $0.26 per share was wider than the $0.17 expected. Full-year revenue guidance of $150 million to $180 million was reaffirmed. Completion depends on enough shareholders tendering to meet the minimum acceptance threshold and on regulatory approvals, and the company said the offer may not close.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Red Cat Holdingsdefensemergers and acquisitionsearnings
Open a keyword to see other news on the same topic.
Related news
- JPMorgan Chase Invests $5 Billion In US National Security Tech
JPMorgan Chase said it has invested $5 billion in equity in industries critical to US economic and national security, including next-generation defense technology, distributed battery storage and automated manufacturing. The bank said it has financed about $230 billion under its Security and Resiliency Initiative, launched a year ago, as part of a commitment to finance $1.5 trillion of US investment over the next decade. On its Q3 earnings call, CEO Jamie Dimon said organic growth is now the best use of capital, which is why buybacks were lower this quarter, and the bank has about $30 billion of excess capital. Q3 revenue rose 8% to $50.9 billion, while expenses were up 12%.
- Kraken Robotics Stock in 3 Years: Boom, Bust, or Quietly Crushing It?
Kraken Robotics, which positions itself as a provider of technology for crewless underwater vehicles and subsea monitoring, is down 38% in 2026 and about 62% from its March all-time high. Second-quarter revenue rose just 4% year over year, the Covelya Group business it acquired for 615 million Canadian dollars saw revenue fall about 5%, and the company has announced no new orders since late August. The author still sees a good chance of strong gains over the next three years, citing the expected manufacturing ramp-up for Anduril's underwater drones, and argues Kraken is unlikely to be displaced even if Anduril moves battery sourcing in-house. Still, the author calls the stock risky due to macroeconomic factors and limited visibility on the outlook, while considering the risk-reward profile very favorable.
- Mysterious UAV Enters Lithuania as NATO Fighters Fail to Intercept It
On the morning of October 18, an unidentified drone entered Lithuanian airspace between 6:00 and 8:00, prompting an air alert and the scrambling of NATO jets, which escorted the object but could not shoot it down due to difficult weather. Debris later found in Juojonis village in Pasvalys district was initially identified as drone parts, and the military says it may have entered from Poland. Latvia issued a similar warning for several regions and cancelled it at 8:12, though its army has not confirmed the object was a drone. Prime Minister Mindaugas Sinkevičius said the sabotage hypothesis must be verified, while law enforcement works to determine the drone's origin; earlier, on September 15, Italian Eurofighter Typhoons shot down a drone that had flown into Lithuania from Belarus.
- Prediction: Archer Aviation Triples Its Revenue by 2028. Here's What That Would Mean for the Stock.
The author predicts Archer Aviation (ACHR) will more than triple its revenue by the end of 2028. Archer has barely generated $7 million in revenue over the last 12 months because its Midnight aircraft still lacks FAA approval for full commercial passenger operations, while analysts expect revenue of about $506 million by 2028. Potential upside includes a planned acquisition of three Boeing subsidiaries, one a profitable drone business with over $200 million in annual revenue, and a partnership with Anduril, including a UAE commitment to buy 50 Omen systems. Still, last quarter's operating expenses of about $284 million were more than half of projected 2028 revenue, so revenue growth alone would not necessarily send the stock soaring.
- Robot factories and hypersonic missiles: JPMorgan Chase’s first $5 billion of defense investments
JPMorgan Chase said it has made $5 billion in startup investments in the first year of its U.S. security and resiliency initiative, a faster pace than expected. The bank had pledged $10 billion into startups over a decade and may expand the program beyond that amount, according to co-president Doug Petno. Among the disclosed stakes, JPMorgan has taken direct positions in Hadrian, which builds automated factories making parts for defense, aerospace and maritime companies, and Castelion, maker of the relatively low-cost hypersonic missile Blackbeard. The bank helped lead a $1.4 billion funding round for Hadrian and was involved in a $1 billion round for Castelion. The direct equity stakes mark a departure from JPMorgan's usual role as a lender and advisor.
- One Year In, JPMorganChase's Security and Resiliency Initiative Is Helping to Strengthen Industries Critical to Long-Term Economic Growth
One year after launching its $1.5 trillion Security and Resiliency Initiative (SRI), JPMorganChase said it has deployed $5 billion in equity investments through its Strategic Investment Group, half of its initial $10 billion SRI allocation. The firm has financed and facilitated more than $230 billion in transactions across SRI's focus areas, including supply chains and advanced manufacturing, defense and aerospace, energy, frontier technologies, and pharma and healthtech. The Strategic Investment Group, led by Todd Combs, invests in venture, growth and later-stage companies, while a team of more than 35 SRI professionals has expanded the initiative to Europe and Canada. Nearly one-third of SRI-related activity in the past year occurred outside the United States, as many critical technologies and supply chains cross borders. Chairman and CEO Jamie Dimon said strong economies and national security require investment in infrastructure, manufacturing, energy, defense and innovation.
Related markets
Latest news
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
- Zerohash rolls out a new tool to move crypto without copying wallet addresses
Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.
- 2 charts show why Wall Street is right to worry about tech stocks
Rising cost of capital could affect the financial statements of hyperscalers such as Oracle (ORCL) and Google (GOOG, GOOGL) in 2027, as they need fresh debt to fund AI infrastructure and free cash flow may turn negative. JPMorgan strategist Mislav Matejka forecasts hyperscaler free cash flow will turn negative in 2027, implying credit markets will drive more of the AI build-out. Consensus estimates for 2027 capital expenditures are already rising from levels experts believe are too low. Morgan Stanley sees total 2027 capex among hyperscalers reaching $1.6 trillion, up from $978 billion estimated for this year. Dan Ives of Yorkville expects capex to reach the trillions and over 1,000 datacenters to be built in the next few years.
- Update on loan rate cuts as of the evening of Oct 19: MB, VietinBank, SHB, OCB join in
SHB, MB, VietinBank and OCB have announced loan rate cuts, following Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank, with typical reductions of 1.5-2% per year. MB is cutting 1.5% per year for five priority sectors, to rates from 7.9% per year, and up to 2% in some cases; VietinBank is cutting up to 2% per year, while OCB offers up to 2.25% per year on some medium- and long-term loans for OCB Priority Banking members. SHB is cutting 1.5-2% per year for businesses and households and offers rates from 5.5% per year for lecturers and students at some universities. Vietcombank commits to cutting at least 2% through year-end, BIDV applies rates from 6% per year on short-term VND loans from 15/10/2026, and VietBank runs a VND 3,000 billion package. Specific benefits depend on borrower type, loan purpose, term and program conditions, following directives from the Government and the State Bank of Vietnam.
- Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel
Modal, a San Francisco-based AI cloud startup that previously ran its AI agent workloads only on Intel and AMD processors, will begin using Nvidia's new Vera CPU. Early tests showed the Nvidia chip doubled work capacity for AI agents, and Modal plans to run it alongside Intel and AMD chips, assigning each task to the most efficient hardware, though integration requires substantial software changes. Modal recently raised $750 million in a round led by Accel at a $15.75 billion valuation and expects $1 billion in sales over the next year, with usage tripled and revenue up more than 15 times year-over-year. Nvidia projects at least $20 billion in Vera chip revenue this fiscal year in a market it estimates at about $200 billion, and says OpenAI, Anthropic, Oracle and Perplexity also plan to use the chips.
- America's EV Plans Have Died
Billions of dollars went into EV factories, dealerships and marketing after President Biden set a goal for 50% of new US car sales to be zero-emission by 2030, but EV sales have since fallen sharply. US EV sales dropped 30.7% in the first nine months of 2026, after the $7,500 tax credit expired on September 30 last year, and gas prices near $4.50 per gallon have done little to lift them. According to Kelley Blue Book, the average transaction price of a new EV was $54,754 in August, above the $50,089 average for all new cars. Ford's EV sales fell 80.2% to 6,047 in the third quarter, and it has no new EV planned until its Fathom launches next year, while Tesla holds over 50% of the market and no other major automaker has even 10%. The article says EVs could recover if gas prices reach $5 and stay there for months, but that is uncertain.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.