Red Cat Holdings, Inc. entered into a Stock Purchase Agreement with Unusual Machines, Inc. for the purchase and sale of the Company's consumer business. The cash consideration was reduced to $3.0 million and non-cash consideration adjusted to provide for payment of $17 million in shares of Unusual's common stock. The Agreement was amended and the termination date revised to June 12, 2023. The Company engaged an investment banking firm to solicit alternative bidders. Unusual filed a registration statement for an IPO. WaveCrest Securities LLC was engaged as an investment banker. Shareholders approved the sale to Unusual. Unusual is required to deposit $1.0 million cash with the Company upon effectiveness of the registration statement.