Transition report pursuant to Rule 13a-10 or 15d-10

Stockholders' Equity

v3.19.2
Stockholders' Equity
6 Months Ended
Jun. 30, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity

Note 4 - Stockholders’ Equity

 

Issuance of Warrants – On April 4, 2018, Red Cat issued 6,054,905 five-year warrants valued at $74,400 to purchase 6,054,095 shares of common stock at $0.003 per share. The following assumptions were used as inputs in the Black-Scholes option-pricing model: term - 5 years, risk-free interest rate - 5%, expected dividend rate – 0%, and expected volatility - 50%.