Business
RedCloud Holdings Announces Closing of $20 Million Initial Public Offering
LONDON, March 24, 2025 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (“RedCloud” or the “Company”), today announced the closing of its initial public offering of 4,444,445 of its ordinary shares at a public offering price of $4.50 per share (the “Offering”). The gross proceeds of the Offering are approximately $20 million before deducting underwriting discounts and offering expenses. The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol “RCT” on March 21, 2025. RedCl
About this update from Redcloud Holdings Plc
[{"type":"image","alt":"RedCloud Holdings plc","displaySize":"","headline":null,"caption":"RedCloud Holdings plc","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":91,"url":"https://media.zenfs.com/en/globenewswire.com/856d1ce24a0efff5b9d6be1e26f9c108"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Ux7sKfNZ2LWbMKbvZnFreg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/856d1ce24a0efff5b9d6be1e26f9c108","width":300,"height":91}},"lazy":false},{"type":"text","content":"LONDON, March 24, 2025 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (“RedCloud” or the “Company”), today announced the closing of its initial public offering of 4,444,445 of its ordinary shares at a public offering price of $4.50 per share (the “Offering”). The gross proceeds of the Offering are approximately $20 million before deducting underwriting discounts and offering expenses.","length":382,"tagName":"p"},{"type":"text","content":"The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol “RCT” on March 21, 2025.","length":111,"tagName":"p"},{"type":"text","content":"RedCloud has granted the underwriters a 30-day option to purchase up to an additional 666,666 ordinary shares from RedCloud to cover over-allotments in connection with the Offering.","length":181,"tagName":"p"},{"type":"text","content":"Roth Capital Partners and Clear Street LLC are acting as active joint book-running managers for the Offering. Rosenblatt Securities Inc. is acting as a passive book-running manager. The Benchmark Company, LLC is acting as co-manager.","length":233,"tagName":"p"},{"type":"text","content":"Ellenoff Grossman & Schole LLP and Taylor Wessing LLP served as legal counsel to the Company. Reed Smith LLP served as legal counsel to the underwriters.","length":157,"tagName":"p"},{"type":"text","content":"A registration statement relating to the ordinary shares was declared effective by the Securities and Exchange Commission (the “SEC”) on March 20, 2025. The Offering was made only by means of a prospectus. A final prospectus relating to the Offering has been filed with the SEC. Copies of the final prospectus may be obtained from Roth Capital Partners, LLC at 888 San Clemente Drive, Suite 400, Newport Beach CA 92660, by phone at (800) 678-9147 and from Clear Street LLC, Attn: Syndicate Depa...