What's Going On With Red Cat Shares Wednesday?

Red Cat Holdings, Inc. (NASDAQ:RCAT) shares are moving higher after it announced an expanded partnership with Palladyne AI Corp. (NASDAQ:PDYN) and its Teal Drones subsidiary.

What To Know: The companies original partnership involved embedding Palladyne’s artificial intelligence software into Teal drones in order to expand drone system capabilities.

Specifically, the partnership aims to facilitate the ...

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