🟢 Red Cat Holdings is trading 8% up in pre-market after proposing €39-per-share offer for Steyr Motors

Red Cat Holdings is trading at $5.10, up 8.05%, after announcing a proposed all-cash offer to acquire Steyr Motors for €39 per share.

• The announcement was published at 1:00 a.m. ET on October 19, 2026.
• The offer is fully financed, supported by Steyr’s anchor shareholder, and subject to customary conditions.
• Red Cat Holdings closed at $4.72 on October 16; no pre-market volume information was provided.