RedCloud Holdings Announces $13.5M Private Placement Of 9M Shares And 18M Warrants At A Combined Price Of $1.50

RedCloud Holdings plc ("RCT") ("RedCloud" or the "Company"), today announced that it has entered into a securities purchase agreement with certain institutional and accredited investors to purchase its ordinary shares, and accompanying warrants that is expected to result in approximately $13.5 million in gross  proceeds   before deducting placement agent fees and other private placement expenses.

The private placement includes an investment of $7.5M from the Company's largest current shareholder and one of its directors.

At the closing, the Company will issue to the investors an aggregate of 9,000,000 ordinary shares, along with accompanying warrants to purchase an aggregate of 18,000,000 ordinary shares, at a combined purchase price of $1.50 per ordinary share and accompanying warrants. The accompanying warrants have an exercise price of $1.50 per ordinary share and will become exercisable immediately. The Warrants will expire five years from the date of issuance. The private placement is expected to close on or around July 7, 2025, subject to the satisfaction of customary closing conditions.

Roth Capital Partners is acting as the exclusive placement agent for the private placement and Clear Street is acting as financial advisor.