Matus founded Teal Drones in 2014 when he was 16 years old ... backing before being acquired by Red Cat Holdings in an all-stock acquisition deal in 2021. Puerto Rico-based Red Cat raised $ ...
“We applaud the DIU’s ongoing diligence and focus on U.S. drone manufacturing,” said Jeff Thompson, Red Cat CEO. “The inclusion of both Teal’s Black Widow and FlightWave’s Edge 130 in ...
a holding corporation for a collection of drone manufacturers. It bought Teal in 2021 in a $14 million stock deal. Red Cat has never been profitable and recently warned shareholders that it may ...