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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.