Swvl Announces Pricing of $4.7 Million Private Placement Priced At-the-Market Under Nasdaq Rules to Accelerate Expansion in High Value Markets

Group 1 - Swvl Holdings Corp has entered into a definitive agreement to purchase $4.7 million of ordinary shares in a private placement at a price of$4.79 per share [1] - The private placement is expected to close on or about November 18, 2024, and the proceeds will be used for working capital and expansion in the United States [2] - The offering is being made under an exemption from registration under the Securities Act, meaning the securities cannot be sold in the U.S. without proper registration or exemption [3] Group 2 - Swvl is recognized as a leading provider of technology-driven mobility solutions aimed at enhancing transit system efficiency for enterprises and governments [5]