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 Extends Partnership with Singlife to Implement Work Injury Compensation Protection for Driver-PartnersBusiness Wire
- Ryde Opens Doors to International Travelers, Offering Seamless Mobility Solutions in Singapore [Yahoo! Finance]Yahoo! Finance
- Ryde Opens Doors to International Travelers, Offering Seamless Mobility Solutions in SingaporeBusiness Wire
- Ryde Reports First Half 2024 Results, Positions for Accelerate GrowthBusiness Wire
- Ryde Launches REMA 2024: A Commitment To Educational Excellence For Driver-Partners’ ChildrenBusiness Wire
RYDE
Sec Filings
- 11/8/24 - Form 6-K
- 10/23/24 - Form 424B3
- 10/23/24 - Form 6-K
- RYDE's page on the SEC website