Liuzza Nicholas Reyland JR sold $552K of RCAT

Red Cat (RCAT) offered €39 per share to acquire all 5.25 million shares of Steyr Motors, totaling €204.8 million. The tender offer, open until Dec. 18, 2026, requires regulatory approval and a 50% acceptance threshold. The deal aims to expand Red Cat's strategic capabilities.

Steyr Motors AG (AT0000A3FW25) has signed a business combination agreement with Red Cat Holdings, Inc. (RCAT) and SMOT Acquisition GmbH. The deal includes a tender offer of EUR 39.00 per share, site protection for three years, and employee safeguards. The transaction is subject to regulatory approvals and a minimum acceptance threshold.

Steyr Motors AG (ISIN: AT0000A3FW25) has entered a business combination agreement with Red Cat Holdings, Inc. (RCAT) and SMOT Acquisition GmbH. The deal includes a voluntary public tender offer at EUR 39.00 per share. Red Cat, listed on NASDAQ, has committed to maintaining operations in Steyr for a specified period.

Red Cat Holdings (RCAT) stock fell 1.9% in pre-market trading due to profit-taking and deal-risk reassessment after its €204.8M acquisition announcement. CEO Jeffrey M. Thompson sold 150,000 shares for $676,500. Needham reiterated its Buy rating and $15 target, citing the deal's potential. Nasdaq futures declined 0.5%, affecting growth-oriented defense stocks.

Needham reiterated a Buy rating and $15.00 price target for Red Cat Holdings (RCAT) after its acquisition of Steyr Motors. RCAT trades at $4.68, near its 52-week low, with analyst targets ranging from $9 to $25. Steyr, a profitable supplier in military markets, is seen as transformational for RCAT. The company reported a larger-than-expected Q2 2026 loss but showed strong revenue growth. Other analysts have mixed ratings on RCAT.

Red Cat Holdings (RCAT) stock rose 7% premarket following an offer for Steyr Motors. Steyr's board chairman noted strategic potential in the proposed deal, according to Reuters.