Ridgetech Inc. Sells 4.68 Million Shares in Private Placement

Reuters
2025/11/10
Ridgetech Inc. Sells 4.68 Million Shares in Private Placement

Ridgetech Inc., a Cayman Islands-based company, has announced the completion of a private placement offering with certain non-U.S. accredited investors. Under Securities Purchase Agreements signed on October 30, 2025, the company sold a total of 4,680,000 ordinary shares in a transaction that closed on November 7, 2025. The offering was conducted in reliance on exemptions from U.S. securities registration provided by Regulation D and Regulation S of the Securities Act of 1933. As part of the transaction, investors entered into Shareholder Rights Agreements granting them demand and piggyback registration rights, as well as certain voting commitments. Ridgetech Inc. utilized its home country corporate governance practices for this offering, in accordance with Cayman Islands law, which does not require shareholder approval for such share issuances.

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. Ridgetech Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-107870), on November 10, 2025, and is solely responsible for the information contained therein.

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