Red Cat Announces Proposed Voluntary Public Purchase Offer for Steyr Motors

Red Cat Holdings announced a proposed voluntary public purchase offer to acquire all outstanding shares of Steyr Motors AG, an Austrian leader in customized engines for defense applications, for EUR 39.00 per share in cash. The acquisition is supported by Steyr Motors' anchor shareholder B&C Group and aims to strengthen Red Cat's uncrewed surface vessel strategy while maintaining Steyr Motors' Austrian headquarters and operations. The offer represents a 28.9% premium to the October 16, 2026 closing price, with an acceptance period expected to end on December 18, 2026.