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Red Cat (RCAT) Loses 10.9% After $150-Million Share Sale

We recently published 10 Stocks Losing Big Amid Market Boom. Red Cat Holdings Inc. (NASDAQ:RCAT) is one of the worst performers on Thursday. Red Cat fell by 10.91 percent on Thursday to end at 10.04apieceasinvestorsentimentwasdampenedbyplanstoraise10.04 apiece as investor sentiment was dampened by plans to raise 150 million from a share sale program. In a statement, Red Cat Holdings Inc. (NASDAQ:RCAT) said it plans to offer more than 15.6 million new common shares at a price of $9.6 apiece to raise funds for general corporate and working capital purposes. ...