NCM: Served as Sole Bookrunner for Red Cat Holdings, Inc.’s $172.5 Million Follow-On Offering September 19, 2025 Northland Capital Markets served as Sole Bookrunner for Red Cat Holdings, Inc.’s $172.5 Million Follow-On Offering. More information: “Red Cat Holdings Announces Closing of Public Offering of Common Stock . . .” (9/19/2025) Northland Capital Markets’ Investment Banking group serves corporate clients by providing the financing services they need, with the experience and commitment to get the results they seek.