Pond Street Ledger

RCAT

Red Cat Holdings, Inc.. There are 2,437 of these tokens in existence, worth $22.3k between them. It is listed but barely trades: under $1.0k changed hands in the last twenty four hours.

$9.15
tracks the share
+3.19%
$903
2,437
not shares outstanding
-11.70%
$8.83 – $113.19
token price, low to high

This is the contract on Robinhood Chain. Every figure on this page is derived from it and can be checked against it, which is the only reason we are comfortable publishing a page of numbers about somebody else's share price.

0xfde6b5d9bb419b10c23268c74e369abff39c0460

What you would actually own

A token, not a share. It tracks the price of Red Cat Holdings, Inc.stock, and it is a claim arranged by an issuer rather than an entry on the company's share register: no vote, no direct dividend entitlement, and a counterparty between you and the equity. The supply figure above is the honest measure of how large this actually is — 2,437 tokens is a different order of magnitude from the company's shares outstanding, and conflating the two is the most common mistake made about this market. The longer answer.

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