Red Cat Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Deficit (Tables)

Shareholders' Deficit (Tables)

9 Months Ended

Sep. 30, 2018

Stockholders' Equity Note [Abstract]

Balance of warrants outstanding for purchase of Company's common stock

	Common Shares Issuable Upon Exercise of Warrants			Exercise Price of Warrants		Date Issued	Expiration Date
Balance of warrants at December 31, 2017		8,096,736

Cancelled in exchange for Series E (1)		(4,963,402	)

Issued per offering (2)		35,087,720		$	.06	3/6/2018	9/6/2023

Issued for services (3)		6,666,666		$	.05	3/16/2018	3/16/2021

Issued per offering (4)		5,000,000		$	.06	8/21/2018	2/21/2024

Balance of warrants at September 30, 2018		49,887,720

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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