GlobeNewswire·Nov 2, 2026, 8:00 AM ET

Rectitude Holdings Ltd. Announces Acquisition of MR. BUTLER PTE. LTD. and Executes Business Migration Agreements with INOS and G & L

Rectitude Holdings Ltd signed a Share Purchase Agreement on October 12, 2026, to acquire 100% of Mr. Butler for 800,000 new Class A ordinary shares valued at US$1.00 per share.
The acquisition of Mr. Butler adds household goods repair & personal service activities to Rectitude's portfolio & includes a one-year lock-up period for shares issued to the sellers.
Rectitude executed Business Migration Agreements on October 17, 2026, to formally integrate INOS & G & L into its operations following a successful collaboration under the Rectitude Succession Bridge framework.
The migration of INOS & G & L involves transferring customer contracts & intellectual property with a closing date of November 1, 2026, & requires 90 days of transitional assistance from the sellers.
Consideration for the INOS & G & L migrations consists of 500,000 ordinary shares issued to each seller, totaling 1,000,000 shares, all subject to a one-year lock-up period.
A portion of the shares issued for the Mr. Butler acquisition will be held back for six months to address potential unresolved claims.
These transactions are funded entirely through the issuance of Rectitude ordinary shares to align incoming operational teams with the company's long-term growth objectives.