RedCloud Holdings plc announced on March 20, 2025, the pricing of its initial public offering of 4,444,445 ordinary shares at $4.50 per share. The gross proceeds from the offering are expected to be approximately $20 million, before deducting underwriting discounts and offering expenses.
The company has granted the underwriters a 30-day option to purchase up to an additional 666,666 ordinary shares to cover over-allotments. RedCloud's ordinary shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol 'RCT' on March 21, 2025.
The offering is anticipated to close on March 24, 2025, subject to the satisfaction of customary closing conditions. Roth Capital Partners and Clear Street LLC are serving as active joint book-running managers for the offering.
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