RedCloud Holdings Announces Pricing of $20 Million Initial Public Offering
RedCloud Holdings has announced the pricing of its Initial Public Offering (IPO) of 4,444,445 ordinary shares at $4.50 per share. The company expects to raise approximately $20 million in gross proceeds before deducting underwriting discounts and offering expenses.
The ordinary shares are set to begin trading on the Nasdaq Capital Market under the ticker symbol 'RCT' on March 21, 2025. The offering is expected to close on March 24, 2025. RedCloud has granted underwriters a 30-day option to purchase up to an additional 666,666 ordinary shares to cover over-allotments.
The IPO is being managed by Roth Capital Partners and Clear Street as active joint book-running managers, with Rosenblatt Securities Inc. as passive book-running manager and The Benchmark Company as co-manager.
RedCloud Holdings ha annunciato il prezzo della sua Offerta Pubblica Iniziale (IPO) di 4.444.445 azioni ordinarie a 4,50 dollari per azione. L'azienda prevede di raccogliere circa 20 milioni di dollari in proventi lordi prima di dedurre gli sconti per la sottoscrizione e le spese di offerta.
Le azioni ordinarie inizieranno a essere negoziate sul Nasdaq Capital Market con il simbolo ticker 'RCT' il 21 marzo 2025. Si prevede che l'offerta si chiuda il 24 marzo 2025. RedCloud ha concesso ai sottoscrittori un'opzione di 30 giorni per acquistare fino a ulteriori 666.666 azioni ordinarie per coprire sovra-allocazioni.
L'IPO è gestita da Roth Capital Partners e Clear Street come gestori attivi congiunti, con Rosenblatt Securities Inc. come gestore passivo e The Benchmark Company come co-gestore.
RedCloud Holdings ha anunciado el precio de su Oferta Pública Inicial (IPO) de 4.444.445 acciones ordinarias a $4.50 por acción. La empresa espera recaudar aproximadamente $20 millones en ingresos brutos antes de deducir descuentos de suscripción y gastos de oferta.
Las acciones ordinarias comenzarán a cotizar en el Nasdaq Capital Market bajo el símbolo de cotización 'RCT' el 21 de marzo de 2025. Se espera que la oferta se cierre el 24 de marzo de 2025. RedCloud ha otorgado a los suscriptores una opción de 30 días para comprar hasta 666.666 acciones ordinarias adicionales para cubrir sobreasignaciones.
La IPO está siendo gestionada por Roth Capital Partners y Clear Street como co-gestores activos, con Rosenblatt Securities Inc. como gestor pasivo y The Benchmark Company como co-gestor.
RedCloud Holdings는 공모주(IPO)의 가격을 4,444,445주 보통주당 $4.50로 발표했습니다. 회사는 인수 수수료 및 공모 비용을 차감하기 전 약 $20 million의 총 수익을 올릴 것으로 예상하고 있습니다.
보통주는 2025년 3월 21일에 Nasdaq Capital Market에서 'RCT'라는 티커 심볼로 거래를 시작할 예정입니다. 이번 공모는 2025년 3월 24일에 마감될 것으로 예상됩니다. RedCloud는 인수인에게 30일 동안 추가로 666,666주의 보통주를 구매할 수 있는 옵션을 부여했습니다.
이번 IPO는 Roth Capital Partners와 Clear Street가 공동 주관사로 관리하며, Rosenblatt Securities Inc.는 수동 주관사로, The Benchmark Company는 공동 관리자로 참여하고 있습니다.
RedCloud Holdings a annoncé le prix de son Introduction en Bourse (IPO) de 4.444.445 actions ordinaires à 4,50 $ par action. L'entreprise s'attend à lever environ 20 millions $ de recettes brutes avant de déduire les remises de souscription et les frais d'offre.
Les actions ordinaires devraient commencer à être négociées sur le Nasdaq Capital Market sous le symbole boursier 'RCT' le 21 mars 2025. La clôture de l'offre est prévue pour le 24 mars 2025. RedCloud a accordé aux souscripteurs une option de 30 jours pour acheter jusqu'à 666.666 actions ordinaires supplémentaires pour couvrir les surallocations.
L'IPO est gérée par Roth Capital Partners et Clear Street en tant que co-managers actifs, avec Rosenblatt Securities Inc. en tant que manager passif et The Benchmark Company en tant que co-manager.
RedCloud Holdings hat den Preis für ihr Initial Public Offering (IPO) von 4.444.445 Stammaktien zu 4,50 $ pro Aktie bekannt gegeben. Das Unternehmen erwartet, dass es etwa 20 Millionen $ an Bruttoerlösen vor Abzug der Underwriting-Rabatte und Angebotskosten einnehmen wird.
Die Stammaktien sollen am Nasdaq Capital Market unter dem Tickersymbol 'RCT' am 21. März 2025 gehandelt werden. Der Abschluss des Angebots wird für den 24. März 2025 erwartet. RedCloud hat den Underwritern eine 30-tägige Option eingeräumt, bis zu 666.666 zusätzliche Stammaktien zu erwerben, um Überzeichnungen abzudecken.
Die IPO wird von Roth Capital Partners und Clear Street als aktiven Joint Book-Running Managern verwaltet, mit Rosenblatt Securities Inc. als passivem Book-Running Manager und The Benchmark Company als Co-Manager.
- Initial access to public capital markets through Nasdaq listing
- $20 million capital raise strengthens company's financial position
- Potential for additional $3 million through over-allotment option
- Dilution of existing shareholders through new share issuance
- Additional compliance costs and responsibilities associated with being a public company
Insights
RedCloud's $20 million IPO represents a significant milestone as the company transitions to public markets. Priced at
The offering structure includes a standard 30-day over-allotment option (commonly known as a "green shoe") allowing underwriters to purchase up to an additional 666,666 shares, which could potentially increase proceeds by approximately
The selection of multiple underwriters, including Roth Capital Partners and Clear Street as joint book-runners, suggests a coordinated distribution approach typical for smaller public offerings. These mid-tier investment banks specialize in bringing emerging growth companies to market, indicating RedCloud likely falls into this category.
The Nasdaq Capital Market listing provides RedCloud with access to a broader investor base and potential future capital through follow-on offerings. The expected trading commencement on March 21 will be closely watched as initial price performance often sets market perception for newly public companies.
This offering represents a crucial liquidity event and capital infusion, though at
LONDON, March 20, 2025 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (“RedCloud” or the Company), today announced the pricing of its initial public offering of 4,444,445 of its ordinary shares at a public offering price of
The ordinary shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol “RCT” on March 21, 2025.
Roth Capital Partners and Clear Street LLC are acting as active joint book-running managers for the Offering. Rosenblatt Securities Inc. is acting as a passive book-running manager. The Benchmark Company, LLC is acting as co-manager.
A registration statement relating to the shares was declared effective by the Securities and Exchange Commission on March 20, 2025. The Offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Roth Capital Partners, LLC at 888 San Clemente Drive, Suite 400, Newport Beach CA 92660, by phone at (800) 678-9147 and from Clear Street LLC, Attn: Syndicate Department, at 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io. Copies may also be obtained by visiting EDGAR on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About RedCloud Holdings plc
RedCloud has developed and operates the RedCloud platform (the “Platform”), that facilities the trading of everyday consumer supplies of fast-moving consumer goods (“FMCG”) products across business supply chains. RedCloud believes its Platform solves a decades old problem of how to unlock and enable access to key purchase and sales data between brands, distributors and retailers in high growth consumer markets. Through RedCloud’s Platform, retailers are enabled to use data driven insights backed by artificial intelligence (“AI”) to help make faster and easier business-to-business (“B2B”) purchases and inventory decisions from brands and distributors by breaking down complex purchasing behaviors of large product inventory catalogues. For more information about RedCloud and its Platform, please visit www.redcloudtechnology.com and connect on LinkedIn and Facebook.
Forward-Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding the expected timing and results of the Offering, expected trading commencement, and closing dates. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in RedCloud’s prospectus. RedCloud undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Contacts
Investor Relations
CORE IR
Louie Toma
(516) 222-2560
Investor.relations@redcloudtechnology.com
Media Relations
CORE IR
Jules Abraham
(917) 885-7378
media@redcloudtechnology.com
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