Red Cat Holdings Announces Cash Acquisition Offer for Austria's Steyr Motors

Key Facts

1Red Cat Holdings announced a proposed voluntary public purchase offer to acquire Austrian-based Steyr Motors.

2The acquisition aims to support Red Cat's Blue Ops uncrewed surface vessel strategy and Steyr Motors' long-term growth.

Red Cat Holdings announced a proposed voluntary public purchase offer to acquire Austrian-based Steyr Motors for EUR 39.00 per share in cash. GlobeNewswire reported that the acquisition is designed to support Red Cat's Blue Ops uncrewed surface vessel strategy, with Steyr Motors' anchor shareholder, B&C Holding, already committing its 15% stake to the offer.

RCAT closed at $4.72 on October 16, 2026, as the company moves to integrate Steyr Motors' marine engine expertise and European manufacturing base into its autonomous maritime portfolio. The transaction remains subject to regulatory approvals in Austria, Italy, Australia, and the UK, with the acceptance period scheduled to end on December 18, 2026.