SCHEDULE 13G/A: Susquehanna Affiliates Disclose 2.7% Stake in Red Cat Holdings

G1 Execution Services, LLC and Susquehanna Securities, LLC have jointly reported a 2.7% beneficial ownership stake in Red Cat Holdings, Inc., totaling 2,275,160 common shares.

Summary

• G1 Execution Services, LLC and Susquehanna Securities, LLC, affiliated independent broker-dealers, have filed a Schedule 13G (Amendment No. 1) disclosing their beneficial ownership in Red Cat Holdings, Inc.
• The Reporting Persons collectively beneficially own 2,275,160 shares of Red Cat Holdings, Inc. Common Stock.
• This aggregate amount represents 2.7% of the company's outstanding common stock.
• Susquehanna Securities, LLC's beneficially owned shares include options to buy 1,177,500 shares.
• As of March 28, 2025, Red Cat Holdings, Inc. had 85,647,618 shares outstanding, as reported in its Annual Report on Form 10-KT.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing (Schedule 13G) disclosing beneficial ownership, and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The filing indicates that institutional investors (broker-dealers) hold a stake in Red Cat Holdings, Inc., which is a routine aspect of public market trading and institutional portfolio management.
• The disclosure provides transparency regarding significant beneficial ownership, which is generally positive for market integrity.

Negatives

• This Schedule 13G filing is a routine disclosure of beneficial ownership and does not contain information that would inherently be considered negative regarding the company's performance or outlook.

Risks

• The document is a beneficial ownership report and does not detail specific company-related risks or future challenges for Red Cat Holdings, Inc.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not provide any forward-looking statements or guidance regarding Red Cat Holdings, Inc.'s future outlook.

Industry Context

This filing is a routine regulatory disclosure by institutional investors (broker-dealers) indicating their passive ownership stake in a publicly traded company. Such filings are common in the financial industry and provide transparency on significant shareholdings, which is a standard practice for market participants.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can inform investment decisions.
• Regulatory Authorities: Fulfills SEC disclosure requirements, ensuring market transparency and compliance.

Key Dates

Keywords

Red Cat Holdings, Common Stock, Schedule 13G, Beneficial Ownership, G1 Execution Services, Susquehanna Securities, SEC Filing, Institutional Ownership, Broker-Dealer