RedCloud Holdings plc announced on July 3, 2025, that it has entered into a securities purchase agreement for a private placement. This placement is expected to generate approximately $13.5 million in gross proceeds before deducting fees and expenses.
The private placement includes a $7.5 million investment from the company's largest current shareholder and one of its directors. RedCloud will issue an aggregate of 9,000,000 ordinary shares, along with accompanying warrants to purchase 18,000,000 ordinary shares.
The combined purchase price is $1.50 per ordinary share and accompanying warrants, with the warrants having an exercise price of $1.50 per ordinary share and expiring five years from issuance. The private placement is expected to close on or around July 7, 2025, subject to customary closing conditions.
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