Red Cat Issues Statement Regarding Steyr Motors AG

SALT LAKE CITY, July 28, 2026 (GLOBE NEWSWIRE) — Red Cat Holdi gs, I c. (Nasdaq: RCAT) (“Red Cat” o the “Compa y”), a U.S.-based p ovide of adva ced all-domai d o e a d obotic solutio s fo defe se a d atio al secu ity, today issued the followi g stateme t ega di g epo ts of a pote tial t a sactio i volvi g Stey Moto s AG.

As pa t of its o goi g g owth st ategy, Red Cat egula ly evaluates a a ge of pote tial st ategic oppo tu ities, i cludi g acquisitio s, pa t e ships, a d i vestme ts that could expa d the Compa y’s capabilities, st e gthe its supply chai , a d suppo t custome s ac oss defe se, gove me t, a d comme cial ma kets.

Red Cat evaluated a d submitted a p elimi a y, o -bi di g p oposal ega di g a pote tial t a sactio i volvi g Stey Moto s AG. Red Cat has withd aw that p oposal. No defi itive ag eeme t was sig ed, a d at p ese t Red Cat does ot have a active p oposal outsta di g with espect to Stey Moto s AG.

The Compa y does ot i te d to comme t fu the o ma ket umo s, speculatio , o pote tial t a sactio s u less a d u til disclosu e is equi ed o othe wise app op iate.

About Red Cat Holdi gs, I c.Red Cat (Nasdaq: RCAT) is a U.S.-based p ovide of adva ced all-domai d o e a d obotic solutio s fo defe se a d atio al secu ity. Th ough its i teg ated po tfolio of t usted U.S. a d allied ha dwa e a d softwa e, Red Cat suppo ts milita y, gove me t, a d public safety ope atio s ac oss ai , la d, sea a d space. Its systems spa small u ma ed ai c aft systems, u c ewed su face vessels, wi eless powe t a sfe tech ology, a d auto omous swa mi g softwa e to e ha ce situatio al awa e ess, ope atio al effective ess, a d missio safety. Lea mo e at www. edcat. ed

Safe Ha bo Fo wa d-Looki g Stateme tsThis p ess elease co tai s “fo wa d-looki g stateme ts” that a e subject to substa tial isks a d u ce tai ties. All stateme ts, othe tha stateme ts of histo ical fact, co tai ed i this p ess elease a e fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts co tai ed i this p ess elease may be ide tified by the use of wo ds such as “a ticipate,” “believe,” “co template,” “could,” “estimate,” “expect,” “i te d,” “seek,” “may,” “might,” “pla ,” “pote tial,” “p edict,” “p oject,” “ta get,” “aim,” “should,” “will” “would,” o the egative of these wo ds o othe simila exp essio s, although ot all fo wa d-looki g stateme ts co tai these wo ds. Fo wa d-looki g stateme ts a e based o Red Cat Holdi gs, I c.’s cu e t expectatio s a d a e subject to i he e t u ce tai ties, isks a d assumptio s that a e difficult to p edict. Fu the , ce tai fo wa d-looki g stateme ts a e based o assumptio s as to futu e eve ts that may ot p ove to be accu ate. The Compa y’s st ategic pla s a d p io ities may evolve ove time i espo se to cha gi g ma ket co ditio s, busi ess developme ts, a d othe facto s, a d the Compa y may o may ot pu sue, modify, o evisit a y st ategic oppo tu ity o t a sactio . These a d othe isks a d u ce tai ties a e desc ibed mo e fully i the sectio titled “Risk Facto s” i the Fo m 10-K fo the fiscal yea e ded Decembe 31, 2025 a d the othe fili gs that Red Cat makes with the SEC. Fo wa d-looki g stateme ts co tai ed i this a ou ceme t a e made as of this date, a d Red Cat u de takes o duty to update such i fo matio except as equi ed u de applicable law.

I vesto Co tact:A kit Hi aSolebu y St ategic Commu icatio s fo Red Cat Holdi gs, I c.E-mail: RCAT@solebu yst at.com

Media Co tact:Pete Mo a Pho e: (347) 880-2895Email: pete @i dicatemedia.com