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[6-K] Ryde Group Ltd Current Report (Foreign Issuer)

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ryde Group Ltd (RYDE) reports two legal matters: a shareholder petition in the Grand Court of the Cayman Islands concerning corporate governance and share issuance, and a putative securities class action in the U.S. District Court for the Southern District of New York covering purchasers of its securities between March 6, 2024 and September 11, 2024.

For the Cayman petition, the shareholder seeks a purchase of remaining shares at fair value, with winding up of the company as an alternative. Ryde states the case is at an early stage, no liquidator has been appointed, its directors remain in control, and operations continue in the ordinary course. For the U.S. class action, Ryde plans to engage litigation counsel and actively defend. The company states it does not presently believe the Cayman proceedings are material and is providing this update voluntarily ahead of its extraordinary general meeting on September 29, 2026.

Positive

  • None.

Negative

  • None.

Filing Explained

The securities class action’s next stated procedural milestone is November 9, 2026, the deadline for purchasers to seek appointment as lead plaintiff.

U.S. class action class period start March 6, 2024 Start date for purchasers of Ryde’s securities covered by the putative class action
U.S. class action class period end September 11, 2024 End date for purchasers of Ryde’s securities covered by the putative class action
Lead plaintiff deadline November 9, 2026 Deadline for lead plaintiff applications in the U.S. securities class action
Extraordinary general meeting date September 29, 2026 Date of Ryde’s extraordinary general meeting referenced in the update
Press release date September 18, 2026 Date of the press release furnished as Exhibit 99.1
putative securities class action regulatory
"Separately, a putative securities class action has been filed against the Company"
Grand Court of the Cayman Islands regulatory
"a proceeding in the Grand Court of the Cayman Islands"
extraordinary general meeting regulatory
"in advance of the Company’s extraordinary general meeting on September 29, 2026"
winding up of the Company regulatory
"with the winding up of the Company sought in the alternative"
forward-looking statements regulatory
"This press release contains forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What relief is sought in the Cayman Islands proceeding involving RYDE?

The shareholder petition seeks an order requiring Ryde to purchase the shareholder’s remaining shares at fair value, with the winding up of the Company requested in the alternative. Ryde states the proceedings are at an early stage with no findings by the court.

What period does the U.S. securities class action against RYDE cover?

The putative securities class action is on behalf of purchasers of Ryde’s securities between March 6, 2024 and September 11, 2024. Ryde states it intends to engage litigation counsel and actively defend the action.

How does Ryde Group Ltd describe the impact of the Cayman proceedings on its operations?

Ryde states that no official or provisional liquidator has been appointed, its directors remain in control, and the Cayman proceedings have not affected operations or its ability to conduct business in the ordinary course.

Does Ryde Group Ltd consider the Cayman proceedings material at this time?

Ryde states it does not presently believe the Cayman Islands proceedings are material to the Company. It will reassess this position and provide further disclosure if circumstances materially change.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number: 001-41950

 

Ryde Group Ltd

 

Duo Tower, 3 Fraser Street, #08-21

Singapore 189352

+65-9665-3216

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 

 
 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Ryde Group Ltd (the “Company”) provides the following update regarding a proceeding in the Grand Court of the Cayman Islands and a class action filed against the Company in the United States District Court for the Southern District of New York.

 

1. A shareholder has presented a petition in respect of the Company in the Grand Court of the Cayman Islands concerning certain corporate governance and share issuance matters. The principal relief sought is an order requiring the purchase of the shareholder’s remaining shares at fair value, with the winding up of the Company sought in the alternative.

 

The proceedings remain at an early stage and no findings have been made by the Court on the substantive allegations. No official or provisional liquidator has been appointed, the directors remain in control of the Company, and the proceedings have not affected the Company’s operations or its ability to conduct business in the ordinary course.

 

2. Separately, a putative securities class action has been filed against the Company in the United States District Court for the Southern District of New York on behalf of purchasers of the Company’s securities between March 6, 2024 and September 11, 2024, with a lead plaintiff deadline of November 9, 2026. The Company intends to engage litigation counsel and actively defend the action.

 

The Company does not presently believe that the Cayman Islands proceedings are material to the Company and will reassess this position, and make such further disclosure as may be appropriate, if circumstances materially change.

 

This update is being provided voluntarily in advance of the Company’s extraordinary general meeting on September 29, 2026 so that shareholders have current information regarding these matters.

 

A copy of the press release issued by the Company in connection with this update is furnished as Exhibit 99.1 to this report on Form 6-K.

 

Exhibit Index

 

Exhibit Index   Description
99.1   Press release dated September 18, 2026

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Ryde Group Ltd
     
Date: September 18, 2026 By: /s/ Zou Junming Terence
  Name: Zou Junming Terence
  Title: Chairman of the Board of Directors and Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

Ryde Provides Update Regarding Shareholder Petition in Cayman Islands and Securities Class Action

 

SINGAPORE, September 18, 2026 – Ryde Group Ltd (NYSE American: RYDE) (the “Company”) today provides the following update regarding a proceeding in the Grand Court of the Cayman Islands and a class action filed against the Company in the United States District Court for the Southern District of New York.

 

1. A shareholder has presented a petition in respect of the Company in the Grand Court of the Cayman Islands concerning certain corporate governance and share issuance matters. The principal relief sought is an order requiring the purchase of the shareholder’s remaining shares at fair value, with the winding up of the Company sought in the alternative.

 

The proceedings remain at an early stage and no findings have been made by the Court on the substantive allegations. No official or provisional liquidator has been appointed, the directors remain in control of the Company, and the proceedings have not affected the Company’s operations or its ability to conduct business in the ordinary course.

 

2. Separately, a putative securities class action has been filed against the Company in the United States District Court for the Southern District of New York on behalf of purchasers of the Company’s securities between March 6, 2024 and September 11, 2024, with a lead plaintiff deadline of November 9, 2026. The Company intends to engage litigation counsel and actively defend the action.

 

The Company does not presently believe that the Cayman Islands proceedings are material to the Company and will reassess this position, and make such further disclosure as may be appropriate, if circumstances materially change.

 

This update is being provided voluntarily in advance of the Company’s extraordinary general meeting on September 29, 2026 so that shareholders have current information regarding these matters.

 

About Ryde Group Ltd

 

Ryde is a super mobility app founded in Singapore and recognised as the world’s FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit https://rydesharing.com/.

 

Safe Harbor Statement

 

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

 

Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.

 

Contacts

 

For Media Relations:

 

Media Team

Ryde Group Ltd

Email: media@rydesharing.com

 

For Investor Relations:

 

Investor Relations Team

Ryde Group Ltd

Email: investor@rydesharing.com

 

 

 

Filing Exhibits & Attachments

1 document

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