Group 1 - RedCloud Holdings plc has entered into a securities purchase agreement with institutional and accredited investors, expected to generate approximately $13.5 million in gross proceeds before fees and expenses [1] - The private placement includes a $7.5 million investment from the Company's largest current shareholder and one of its directors [2] - At closing, the Company will issue 9,000,000 ordinary shares and accompanying warrants to purchase 18,000,000 ordinary shares at a combined purchase price of $1.50 per share and warrants, with warrants exercisable immediately and expiring five years from issuance [3] Group 2 - Roth Capital Partners is acting as the exclusive placement agent for the private placement, while Clear Street serves as the financial advisor [4] - The securities offered in the private placement have not been registered under the Securities Act of 1933 and may not be sold in the U.S. without registration or an exemption [5] Group 3 - RedCloud operates a trading platform that facilitates the trading of fast-moving consumer goods (FMCG) across business supply chains, aiming to unlock access to key purchase and sales data in high-growth consumer markets [7]
RedCloud Announces Pricing of $13.5 Million Private Placement of Securities