Steyr Motors AG Engages in Preliminary Talks with Red Cat Holdings

Steyr Motors AG has confirmed initial discussions with Red Cat Holdings, Inc. regarding a potential business combination. This dialogue centers on a probable public tender offer by Red Cat Holdings for all shares of Steyr Motors. The announcement follows market speculation, clarified by Steyr Motors' Management Board. As of the release date, no ongoing negotiations are taking place between the two entities.

The Austrian company has emphasized that this announcement does not indicate an official offer or an invitation for securities transactions involving Steyr Motors. The notification aligns with the disclosure requirements outlined in Article 17 of the EU Regulation No. 596/2014, which aims to prevent market abuse.