RedCloud Holdings plc has announced a private placement of securities expected to raise approximately $13.5 million in gross proceeds. The transaction involves the sale of 9,000,000 ordinary shares and accompanying warrants to purchase an additional 18,000,000 ordinary shares, both priced at $1.50 per share. The warrants, which will be exercisable immediately and expire in five years, are part of the investment, including a $7.5 million contribution from the company's largest current shareholder. Roth Capital Partners is serving as the exclusive placement agent, with Clear Street acting as the financial advisor. The private placement is anticipated to close around July 7, 2025, subject to the fulfillment of customary closing conditions.
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