RedCloud Holdings Announces $13.5 Million Private Placement with Institutional and Accredited Investors

Reuters
2025/07/03
RedCloud Holdings Announces $13.5 Million Private Placement with Institutional and Accredited Investors

RedCloud Holdings plc has announced a private placement agreement with institutional and accredited investors, expected to generate approximately $13.5 million in gross proceeds. The investment includes a significant contribution of $7.5 million from the company's largest shareholder and one of its directors. As part of the deal, RedCloud will issue 9,000,000 ordinary shares along with warrants to purchase an additional 18,000,000 shares at an exercise price of $1.50 per share. The warrants will become exercisable immediately and will expire five years from issuance. Roth Capital Partners is serving as the exclusive placement agent, with Clear Street acting as a financial advisor. The transaction is anticipated to close around July 7, 2025, pending customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redcloud Holdings plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9488934-en) on July 03, 2025, and is solely responsible for the information contained therein.

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