Steyr's two boards unanimously recommended Red Cat's €39-per-share offer, and key holders committed to accept. This improves Red Cat's chances of buying Steyr, but the offer remains open until December 18, 2026, so the purchase is not complete.
That support gives Red Cat's purchase effort a firmer path. B&C and CEO Julian Cassutti have committed to accept the offer and hand over their shares. Shareholders can still accept until December 18, 2026, so the purchase is not complete.
Follow Red Cat Holdings, Inc. (RCAT) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for RCAT