Ryde Announces Closing of $4.5 Million Public Offering
Ryde Group Ltd. (RYDE)
Company Research
Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--SINGAPORE, September 27, 2024 – Ryde Group Ltd (NYSE American: RYDE) (“Ryde” or the “Company”), a leading technology platform for mobility and quick commerce headquartered in Singapore, today announced the closing of a public offering of an aggregate of 5,300,000 units (the “Units”), each unit consists of one Class A Ordinary Share, par value $0.0002 per share of Ryde, and one common warrant to purchase one Class A Ordinary Share. The common warrants will have an exercise price of $0.85 per share, are exercisable immediately and will expire five years following the date of issuance.Gross proceeds from the Offering, before deducting the placement agent’s fees and other offering expenses, are approximately $4.5 million. The closing of the offering has occurred on September 27, 2024, subject to the satisfaction of customary closing conditions.Maxim Group LLC is acting as sole placement agent in connection with this offering.The securities described above a
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RYDE
News
- Ryde Announces Pricing of $4.5 Million Public Offering [Yahoo! Finance]Yahoo! Finance
- Ryde Announces Pricing of $4.5 Million Public OfferingBusiness Wire
- Ryde Group Ltd Addresses Share Price Volatility, Reaffirms Strong Business FundamentalsBusiness Wire
- Ryde and Singlife Forge Strategic Partnership That Protects Passengers Beyond RidesBusiness Wire
- Ryde Takes Center Court with Tennis Star Sarah Pang Joining Ryde Empowers! [Yahoo! Finance]Yahoo! Finance
RYDE
Sec Filings
- 9/27/24 - Form 6-K
- 9/27/24 - Form 424B4
- 9/26/24 - Form EFFECT
- RYDE's page on the SEC website