M&A Deal Summary

Red Cat Holdings Acquires FlightWave

On June 11, 2024, Red Cat Holdings acquired aerospace company FlightWave

Acquisition Highlights
  • This is Red Cat Holdings’ 2nd transaction in the Aerospace sector.
  • This is Red Cat Holdings’ 4th transaction in the United States.
  • This is Red Cat Holdings’ 1st transaction in California.

M&A Deal Summary
Date 2024-06-11
Target FlightWave
Sector Aerospace
Buyer(s) Red Cat Holdings
Deal Type Add-on Acquisition

Target

FlightWave

Santa Monica, California, United States
FlightWave is a manufacturer of dual-use VTOL drones, sensors and software solution. FlightWave designs and manufactures the Edge 130 VTOL drone and payload cameras for the commercial, defense, security, and intelligence markets. The fully- autonomous Edge 130 sUAS has the best flight endurance in its class with AI edge compute capabilities, provides superior aerial data capture to both the commercial and defense markets. FlightWave was formed in 2014 and is headquartered in Santa Monica, California.

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Buyer(S) 1

Buyer

Red Cat Holdings

San Juan, Puerto Rico
Category Company
Sector Software
Employees70
Revenue 10M USD (2023)
DESCRIPTION

Red Cat Holdings is a provider of secure blockchain-based distributed storage, analytics, and SaaS for the drone industry. Red Cat Holdings is based in San Juan, Puerto Rico.

DEAL STATS #
Overall 5 of 5
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (California) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Teal Drones

Holladay, Utah, United States

Teal Drones is a drone manufacturer, that provides superior aerial surveillance and awareness for inspections and short-range reconnaissance. Teal Drones was founded in 2014 and is based in Holladay, Utah.

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