Business
Ryde Announces Pricing of US$1.6 million Registered Direct Offering Priced at-the-Market Under NYSE American Rules
SINGAPORE, SG / ACCESS Newswire / September 10, 2025 /Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce headquartered in Singapore, announced that it has entered into a securities ...
About this update from Ryde Group Ltd.
[{"type":"text","content":"SINGAPORE, SG / ACCESS Newswire / September 10, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce headquartered in Singapore, announced that it has entered into a securities purchase agreement with several investors to purchase 6,422,000 Class A shares at an offering price of US$0.25, for gross proceeds of approximately US$1.6 million (the "Offering"), before deducting offering expenses, in a registered direct offering priced at-the-market under NYSE American rules.","length":582,"tagName":"p"},{"type":"text","content":"The Company did not engage any placement agent for the Offering.","length":64,"tagName":"p"},{"type":"text","content":"The Company currently intends to use the net proceeds from the Offering for working capital and general corporate purposes. The Offering is expected to close on or about September 10, 2025 (the "Closing Date"), subject to the satisfaction of customary closing conditions.","length":281,"tagName":"p"},{"type":"text","content":"The Offering is being made pursuant to an effective shelf registration statement on Form F-3, (File No. 333-288587) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission ("SEC") on September 2, 2025. A prospectus supplement relating to the securities to be issued in the Offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the Offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov.","length":561,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.","length":366,"tagName":"p"},{"type":"text","content":"About Ryde Group Ltd","length":20,"tagName":"p"},{"type":"text","content":"Ryde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the...