Red Cat Eats Fat Shark

Red Cat Holdings, Inc. has announced completion  of the acquisition of Fat Shark Holdings, Ltd. ("Fat Shark"), the leading provider of headsets and goggles for professional FPV (First Person View) racers and drone pilots with an estimated market share of 85%.

Fat Shark generates approximately $7 million (unaudited) annual revenues, which will significantly increase the reported revenue for the combined companies. This transaction follows the Company's acquisition in January 2020 of Rotor Riot, another leading provider of FPV and drone racing hardware.

Jeff Thompson$42.8 billion

"We are excited to join the Red Cat team," added Greg French, founder and chief technology officer of Fat Shark. "Combining our innovative technology with the marketing acumen of Rotor Riot and the financial support of Red Cat will enable us to accelerate growth in the quarters ahead."

"The drone industry is poised for rapid growth in the years ahead, and we are now extremely well positioned to capitalize on a wide variety of opportunities,"commented Chad Kapper, CEO of Rotor Riot.

digital storeSource: Press Release