RedCloud Holdings plc announced on March 24, 2025, the closing of its initial public offering. The company issued 4,444,445 ordinary shares at a public offering price of $4.50 per share, generating gross proceeds of approximately $20 million.
The ordinary shares commenced trading on the Nasdaq Capital Market under the ticker symbol 'RCT' on March 21, 2025. Underwriters retain a 30-day option to purchase up to an additional 666,666 ordinary shares from RedCloud to cover over-allotments.
This successful closing provides RedCloud with capital for market expansion, AI development, platform upgrades, debt repayment, and general working capital. Roth Capital Partners and Clear Street LLC acted as active joint book-running managers for the offering.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.