SWVL Announces $2 Million Private Placement Priced At-the-Market Under Nasdaq Rules
Swvl Holdings Corp - Ordinary Shares (SWVL)
Company Research
Source: GlobeNewswire
DUBAI, United Arab Emirates, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, today announced that investors have exercised their right to purchase additional securities pursuant to the previously executed definitive agreement dated November 17, 2024, to purchase $2 million of pre-funded warrants to purchase ordinary shares in a private placement, at a purchase price of $4.79 per share. The purchasers have agreed to lock up the securities purchased in the offering for a period of 6 months, and also to transfer less than 20 percent of the securities purchased for each 90-day period thereafter in an amount not more than 20 percent of the trading volume on the date of sale. Swvl believes that the execution of the lock up agreements, and selling restrictions contained therein, indicates the purchaser’s confidence in Swvl’s long-term growth strategy.
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SWVL
News
- Swvl and Bank AlJazira in Saudi Arabia Mark Over 100,000 Bookings Milestone in 2025, Accelerating Sustainable Mobility Across Saudi Arabia [Yahoo! Finance]Yahoo! Finance
- Swvl and Bank AlJazira in Saudi Arabia Mark Over 100,000 Bookings Milestone in 2025, Accelerating Sustainable Mobility Across Saudi ArabiaGlobeNewswire
- Swvl Received Nasdaq Notification Regarding Minimum Market Value DeficiencyGlobeNewswire
- Swvl Reports Continued Profitability this Quarter, Achieving 46% Revenue Growth and Net Profit of $0.2 Million in Q3 2025GlobeNewswire
- Swvl (NASDAQ:SWVL) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
SWVL
Sec Filings
- 11/26/25 - Form 6-K
- 11/6/25 - Form 6-K
- 10/28/25 - Form 6-K
- SWVL's page on the SEC website