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GlobeNewswire·

RedCloud Announces Purchases of Shares by Insiders in Private Placement

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  • RedCloud Holdings plc agreed to sell 7,200,000 unregistered ordinary shares to company insiders at $0.25 per share.
  • The transaction price represents a 24% premium over the August 26, 2026 closing price.
  • Gross proceeds from the private placement are expected to be approximately $1.8 million.
  • The company plans to complete the issuance on or about August 27, 2026.
  • Christina Byland, the largest shareholder, purchased 4.7 million shares.
  • Dr. Nikolaus Senn, a board member & shareholder, purchased 2.5 million shares.
  • CEO Justin Floyd stated the deal demonstrates shareholder confidence in the vision for predictive AI in supply chains.
  • The shares were offered privately without registration under the Securities Act of 1933.
  • RedCloud aims to build intelligence infrastructure for global trade using its RedAI platform & proprietary FMCG data.
  • The press release includes standard forward-looking statements & risk factor disclaimers.