Ryde Group to raise US$10M in private share sale

Ryde Group Ltd reported that it has signed a securities purchase agreement with several investors for a private share sale.

Accepted by SEC EDGAR 10/09/2025 - 08:45 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Ryde Group Ltd reported that it has signed a securities purchase agreement with several investors for a private share sale. The company agreed to issue and sell 33,340,000 Class A ordinary shares at an offering price of US$0.30 per share, for expected aggregate gross proceeds of about US$10 million before expenses. The transaction is expected to close on or about October 10, 2025, subject to customary closing conditions. The agreements include customary representations, warranties, and indemnification obligations between the company and the investors.

Insights

Equity capital markets analyst

Ryde Group arranges a US$10M private equity raise at US$0.30 per share.

Ryde Group Ltd has entered into a securities purchase agreement with several investors to sell 33,340,000 Class A ordinary shares at US$0.30 per share in a private offering. The deal is expected to generate gross proceeds of about US$10 million, providing additional equity capital to the company.

The closing is targeted for October 10, 2025, subject to customary closing conditions, which means the transaction is not yet complete. The agreement includes standard representations, warranties, and indemnification provisions for both the company and the investors, suggesting a conventional private placement structure without unusual disclosed terms.

Subsequent disclosures may provide more detail on how the new capital will be used and any longer-term impact of the additional shares on the company’s capital structure, beyond what is described here.

FAQ

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

What financing transaction did Ryde Group Ltd (RYDE) announce in this 6-K?

Ryde Group Ltd disclosed that it entered into a securities purchase agreement with several investors for a private offering of 33,340,000 Class A ordinary shares at US$0.30 per share.

How much capital is Ryde Group Ltd (RYDE) expecting to raise from the private offering?

The company expects aggregate gross proceeds of approximately US$10 million from the sale of the Class A ordinary shares, before deducting expenses payable by the company.

What is the expected closing date of Ryde Group Ltd’s private share offering?

The offering is expected to close on or about October 10, 2025, subject to the satisfaction of customary closing conditions.

What type of securities is Ryde Group Ltd (RYDE) issuing in this transaction?

Ryde Group Ltd is issuing 33,340,000 Class A ordinary shares, each with a par value of US$0.0002, in a private offering to several investors.

Are there any special terms highlighted in Ryde Group Ltd’s securities purchase agreement?

The securities purchase agreement is described as containing customary representations and warranties and customary indemnification rights and obligations for the company and the investors.

Where can investors find the full terms of Ryde Group Ltd’s private offering?

The form of the securities purchase agreement is filed as Exhibit 99.1 to this report, which is incorporated by reference for full details of the terms.

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 October 2025

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 ☐

Contents

On October 7, 2025, Ryde Group Ltd (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with several investors (the “Investors”), pursuant to which the Company agreed to issue and sell to the Investors, in a private offering 33,340,000 Class A ordinary shares, par value US$0.0002 per share (the “Class A Ordinary Shares”), of the Company, at an offering price of US$0.30 (the “Offering”). The Offering is expected to close on or about October 10, 2025, subject to the satisfaction of customary closing conditions.

The aggregate gross proceeds to the Company from the Offering, before deducting estimated expenses payable by the Company, will be approximately US$10 million.

The Purchase Agreements contained customary representations and warranties of the Company and the Purchasers and customary indemnification rights and obligations of the parties. The foregoing summary of the Purchase Agreements do not purport to be complete and are subject to, and qualified in their entirety by, such document attached as Exhibit 99.1, to this Report on Form 6-K, which is incorporated herein by reference.

EXHIBIT INDEX

Exhibit No.		Description
99.1		Form of Securities Purchase Agreement

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: October 9, 2025	By:	/s/ Zou Junming Terence
	Name:	Zou Junming Terence
	Title:	Chairman of the Board of Directors and Chief Executive Officer