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RedCloud Announces Issuance of Shares to Insiders in Private Placement at Price per Share of $0.25 for Aggregate Subscription Price of $7.9 million

RCT
  • RedCloud Holdings plc announced a private placement of 31.7 million unregistered ordinary shares at $0.25 per share to company insiders.
  • The aggregate subscription price of $7,925,000 will be settled by offsetting financial liabilities owed by the company to those insiders.
  • The share price represents a 281% premium over the closing price on October 27, 2026.
  • Christina Byland purchased 30.0 million shares, while Dr. Nikolaus Senn purchased 1.7 million shares.
  • The company expects to complete the issuance on or about October 28, 2026.
  • The shares were not registered under the Securities Act of 1933, & their sale is restricted without registration or an applicable exemption.
  • RedCloud builds AI infrastructure for FMCG trade prediction, with over $8.4 billion in transactions processed between early 2023 & June 2026.
  • The press release includes forward-looking statements regarding the completion of the placement & liability offsets, which are subject to risks.