Exhibit 21.1
List of Subsidiaries of Red Cat Holdings, Inc.
| Name of Subsidiaries | Jurisdiction | |
| Red Cat Propware, Inc. | Subsidiary (Nevada) | |
| Skypersonic, Inc. | Indirect Subsidiary (Michigan) | |
| Red Cat Skypersonic, Inc. | Subsidiary (Nevada) | |
| Teal Drones, Inc. | Subsidiary (Delaware) | |
| FW Acquisition, Inc. | Subsidiary (Nevada) | |
| UAVPatent Corp. | Subsidiary (Nevada) |