In connection with Mr. Hernon's transition to a consulting role, effective as of March 15, 2024, Red Cat Holdings, Inc. appointed Leah Lunger as its interim principal financial officer and interim principal accounting officer. Ms. Lunger, age 33, has extensive finance, accounting and public company reporting experience. Since January 2023, Ms. Lunger has served as the company's Vice President of Finance, providing oversight of the company's financial, accounting and human resources functions.

From November 2020 to December 2022, Ms. Lunger served as the Corporate Controller of the Company. From November 2017 to November 2020, Ms. Lunger served as the Controller of Fat Shark Holdings, a provider of equipment to the drone industry, which was subsequently acquired by the Company. Ms. Lunger is a Certified Public Accountant and has a degree in Accounting from Calvin College.