Red Cat offers to buy Steyr Motors for EUR 39 per share in cash

• Red Cat Holdings plans to acquire all outstanding Steyr Motors shares for EUR 39 per share through a fully financed cash offer.
• The price represents a 28.9% premium to the October 16, 2026, close and 27.3% to the 30-day volume-weighted average price.
• Anchor shareholder B&C Holding Österreich has irrevocably committed to tender its stake, representing approximately 15% of Steyr Motors’ share capital.
• The acquisition would strengthen the buyer’s uncrewed surface vessel business while retaining Steyr Motors’ Austrian headquarters, manufacturing and research operations.
• The offer requires acceptance of 50% plus one share, with the acceptance period expected to end December 18, 2026, at 5 p.m. CET.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Red Cat Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610190100PRIMZONEFULLFEED9848065) on October 19, 2026, and is solely responsible for the information contained therein.