Berman Tabacco Announces Investigation of Red Cat Holdings, Inc. (RCAT) Concerning Claims by Kerrisdale Capital
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Berman Tabacco is investigating potential securities law violations by Red Cat Holdings, Inc. (RCAT), following claims by Kerrisdale Capital. The investigation was announced after a significant rise in Red Cat's stock price.
January 16, 2025 | 8:30 pm
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Red Cat Holdings is under investigation by Berman Tabacco for potential securities law violations, following claims by Kerrisdale Capital. This comes after a notable increase in the company's stock price.
The investigation into potential securities law violations could negatively impact investor confidence in Red Cat Holdings, potentially leading to a short-term decline in stock price. The investigation follows a significant rise in the stock, which may have been influenced by the claims.
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