Swvl Announces Pricing of $4.7 Million Private Placement Priced At-the-Market Under Nasdaq Rules to Accelerate Expansion in High Value Markets
Swvl Holdings Corp - Ordinary Shares (SWVL)
Company Research
Source: GlobeNewswire
DUBAI, United Arab Emirates, Nov. 18, 2024 (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 its entry into a definitive agreement with certain investors, including several members of its board of directors, to purchase $4.7 million of ordinary shares (or their equivalent) in a private placement, at a purchase price of $4.79 per share (its closing price on November 15, 2024). 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. The private placement is expected to close on or about November 18, 2024, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the
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SWVL
News
- Swvl Signs Three Year Contract with G4S in Saudi Arabia to provide SaaS-Based Mobility Solutions [Yahoo! Finance]Yahoo! Finance
- Swvl Signs Three Year Contract with G4S in Saudi Arabia to provide SaaS-Based Mobility SolutionsGlobeNewswire
- Swvl Announces Pricing of $4.7 Million Private Placement Priced At-the-Market Under Nasdaq Rules to Accelerate Expansion in High Value Markets [Yahoo! Finance]Yahoo! Finance
- Swvl Wins $4.2 Million in New Contracts in Egypt Over the Last Three MonthsGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Swvl Holdings Corp. - SWVLAccesswire
SWVL
Sec Filings
- 11/21/24 - Form 6-K
- 11/20/24 - Form D
- 11/18/24 - Form 6-K
- SWVL's page on the SEC website