Form: 10-K

Annual report [Section 13 and 15(d), not S-K Item 405]

March 19, 2026


EXHIBIT 21.1
List of Subsidiaries of Red Cat Holdings, Inc.

Name of Subsidiaries Jurisdiction
Red Cat Propware, Inc. Nevada
Skypersonic, Inc. Michigan
Blue Ops, Inc. Nevada
Teal Drones, Inc.  Delaware
FW Acquisition, Inc. Nevada
UAVPatent Corp.  Nevada