Latest news with #ShortRangeReconnaissance
Associated Press
21-03-2025
- Business
- Associated Press
Bragar Eagel & Squire, P.C. Is Investigating Dave, Red Cat, Perpetua, and Voyager and Encourages Investors to Contact the Firm
NEW YORK, March 20, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Dave, Inc. (NASDAQ: DAVE), Red Cat Holdings, Inc. (NASDAQ: RCAT), Perpetua Resources Corp. (NASDAQ:PPTA), and Voyager Therapeutics, Inc. (NASDAQ:VYGR). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided. Dave, Inc. (NASDAQ: DAVE) On December 30, 2024, the Justice Department, together with the Federal Trade Commission (FTC), announced a civil enforcement action against Dave Inc. and its co-founder, President, Chief Executive Officer and Chairman of the Board of Directors, Jason Wilk, for alleged violations of the FTC Act and the Restore Online Shoppers' Confidence Act (ROSCA). The government's lawsuit alleges that the defendants misled consumers by deceptively advertising Dave's cash advances, charging hidden fees, misrepresenting how Dave uses customers' tips and charging recurring monthly fees without providing a simple mechanism to cancel them. On this news, Dave shares opened at $84.00 on December 31, 2024, representing a drop of over 10% from the day before. For more information on the Dave investigation go to: Red Cat Holdings, Inc. (NASDAQ: RCAT) On January 16, 2025, Kerrisdale Capital ('Kerrisdale') published a report alleging that Red Cat has overstated the revenue potential of its U.S. Army Short Range Reconnaissance ('SRR') drone contract and lacks the production capacity to deliver on its promises. The Kerrisdale report also raises concerns about the timing of executive departures and insider transactions that took place shortly after the announcement of the SRR contract. On this news, Red Cat's stock price fell $2.36 per share, or 21.63%, over the following two trading sessions, to close at $8.55 per share on January 17, 2025. Perpetua Resources Corp. (NASDAQ:PPTA) The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Perpetua files a current report on form 8-K with the SEC on February 13, 2025. The Company disclosed that it 'released an updated cash flow model for the Stibnite Gold Project (the 'Project'), which is based, in part, on basic engineering work completed by Ausenco Engineering USA South Inc. ('Ausenco') in January 2025 (the 'Financial Update').' The Company added that the 'Financial Update also applies fourth quarter 2024 cost estimates for construction and operations, consistent with the Basic Engineering analysis, as well as current and consensus commodity pricing for sales. While the Financial Model reflects an increase in initial and total capital expenditures and LOM AISC compared to the base model included in the 2020 Feasibility Study, the corresponding increase in commodity prices resulted in overall improvements to key economic metrics of Annual Average EBITDA and Annual Average Free Cash Flow while maintaining a similar after-tax NPV 5% at consensus pricing.' Based on this news, shares of Perpetua fell by 22.3% on February 14, 2025. For more information on the Perpetua investigation go to: Voyager Therapeutics, Inc. (NASDAQ:VYGR) On February 11, 2025, Voyager issued a press release 'announc[ing] it has decided to assess alternate payloads related to its gene therapy program for superoxide dismutase 1 (SOD1) amyotrophic lateral sclerosis (ALS)', stating that "[e]merging preclinical data indicate the siRNA payload component of VY9323 does not meet our high standards due to what appears to be an off-target effect resulting in a narrowed therapeutic window.' Voyager further stated that it 'no longer anticipates filing an investigational new drug (IND) application for VY9323 in mid-2025.' On this new, Voyager's stock price fell $1.11 per share, or 20.86%, to close at $4.21 per share on February 11, 2025. For more information on the Voyager investigation go to: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information: Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Marion Passmore, Esq.
Associated Press
12-03-2025
- Business
- Associated Press
Red Cat Announces Appointment of Christian Koji Ericson as Chief Financial Officer
Red Cat Holdings, Inc. (Nasdaq: RCAT) ('Red Cat' or the 'Company'), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the appointment of Christian Koji Ericson as its new Chief Financial Officer (CFO), effective March 17, 2025. Ericson brings more than 20 years of finance and accounting experience, including 11 years with PricewaterhouseCoopers (PwC) and senior finance roles at Nu Skin Enterprises, where he served as Chief Audit Executive, VP of Business Development, and VP of Finance for its agriculture technology division. Most recently, Ericson was Head of Finance and Accounting at Western Steel Buildings, where he played a pivotal role in scaling financial operations and optimizing compliance and governance structures to support rapid business growth. 'Christian's extensive financial leadership and experience in high-growth industries make him an invaluable addition to Red Cat as we execute our vision to define the role of aerial intelligence,' said Jeff Thompson, Red Cat CEO. 'His expertise in financial strategy, compliance, and investor relations will play an important role in our next phase of growth, while ensuring we remain well-positioned to capitalize on market opportunities and drive shareholder value.' 'I see significant opportunity ahead for Red Cat at such a transformative time for the company and the broader drone industry,' said Ericson. 'I am eager to leverage my experience in financial strategy to support the company's commitment to innovation, strengthen financial performance, and help drive long-term value for our customers and shareholders.' Ericson holds a Master of Accountancy and a Bachelor of Science in Accountancy from Brigham Young University and is a Certified Public Accountant (CPA). He is also fluent in Japanese, having spent part of his career working abroad. For more information about Red Cat Holdings, please visit About Red Cat Holdings, Inc. Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army's Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed-wing VTOL for extended endurance and range, and FANG™, the industry's first line of NDAA-compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at Forward Looking Statements This press release contains 'forward-looking statements' that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as 'anticipate,' 'believe,' 'contemplate,' 'could,' 'estimate,' 'expect,' 'intend,' 'seek,' 'may,' 'might,' 'plan,' 'potential,' 'predict,' 'project,' 'target,' 'aim,' 'should,' 'will' 'would,' or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled 'Risk Factors' in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.
