Pink Cat Holdings, Inc. (Nasdaq: RCAT) (“Pink Cat” or the “Firm”), a hardware-enabled software program supplier to the drone business, introduced that it has been chosen to affix the Russell Microcap® Index on the conclusion of the 2021 annual reconstitution, efficient after the US market opens on June 28, based on a preliminary record of additives posted by FTSE Russell on Friday, June four, 2021.
Membership within the Russell Microcap® Index, which stays in place for one 12 months, means computerized inclusion within the acceptable progress and worth model indexes. FTSE Russell determines membership for its Russell indexes primarily by goal, market-capitalization rankings and magnificence attributes.
“We’re excited to affix the Russell 3000 index which is acknowledged as holding shares in essentially the most promising, rising expertise firms,” said Jeffrey Thompson, Chief Government Officer. “The drone business is forecast to develop considerably over the subsequent decade and Pink Cat is positioned to be a number one facilitator of that progress.”
“Our shareholders will profit from a rise in demand and liquidity in our widespread inventory as index funds replicate the brand new holdings within the Russell index,” said Joseph Hernon, Chief Monetary Officer. “Our inclusion within the Microcap index represents one other step ahead in our mission to be a pacesetter within the drone business.”
Russell indexes are extensively utilized by funding managers and institutional buyers for index funds and as benchmarks for lively funding methods. Roughly $10.6 trillion in property are benchmarked towards Russell’s US indexes. Russell indexes are a part of FTSE Russell, a number one international index supplier.
About Pink Cat Holdings, Inc.
Pink Cat supplies merchandise, companies and options to the drone business by its 4 wholly-owned subsidiaries. Fats Shark Holdings is the main supplier of First Individual View (FPV) video goggles to the drone business. Rotor Riot, LLC is a pacesetter within the sale of FPV drones and tools, primarily to the patron market by its digital storefront situated at www.rotorriot.com. Rotor Riot enjoys excessive visibility in social media by its Fb web page and its sponsorship of an expert drone racing workforce which has received quite a few championships. Skypersonic supplies software program and options that allow drones to finish inspection companies in areas the place GPS just isn’t accessible, but nonetheless file and transmit knowledge even whereas being operated from hundreds of miles away. Pink Cat Propware is growing a Software program-as-a-Resolution (“SaaS”) platform to supply drone flight knowledge analytics and storage, in addition to diagnostic services. Be taught extra at https://www.redcatholdings.com/
About FTSE Russell:
FTSE Russell is a worldwide index chief that gives revolutionary benchmarking, analytics and knowledge options for buyers worldwide. FTSE Russell calculates hundreds of indexes that measure and benchmark markets and asset lessons in additional than 70 nations, protecting 98% of the investable market globally.
FTSE Russell index experience and merchandise are used extensively by institutional and retail buyers globally. Roughly $17.9 trillion is at the moment benchmarked to FTSE Russell indexes. For over 30 years, main asset homeowners, asset managers, ETF suppliers and funding banks have chosen FTSE Russell indexes to benchmark their funding efficiency and create ETFs, structured merchandise and index-based derivatives.
A core set of common rules guides FTSE Russell index design and administration: a clear rules-based methodology is knowledgeable by unbiased committees of main market members. FTSE Russell is concentrated on making use of the very best business requirements in index design and governance and embraces the IOSCO Rules. FTSE Russell can also be centered on index innovation and buyer partnerships because it seeks to boost the breadth, depth and attain of its providing.
FTSE Russell is wholly owned by London Inventory Alternate Group.
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