Investigation announced for Long-Term Investors in shares of Red Cat Holdings, Inc. (NASDAQ: RCAT)

An investigation was announced for current long-term investors in shares of Red Cat Holdings, Inc. (NASDAQ: RCAT) concerning potential breaches of fiduciary duties by certain directors of Red Cat Holdings, Inc.

Investors who are current long term investors in Red Cat Holdings, Inc. (NASDAQ: RCAT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: RCAT stocks follows a lawsuit filed against Red Cat Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: RCAT stocks, concerns whether certain Red Cat Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.

According that complaint filed in the U.S. U.S. District Court for the District of New Jersey the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that the Salt Lake City Facility's production capacity, and Defendants' progress in developing the same, was overstated, that the overall value of the SRR Contract was overstated, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Red Cat Holdings, Inc. (NASDAQ: RCAT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.