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RDE, Inc. CFO Steve Handy Purchased 25,620 Shares in the Open Market

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RDE, Inc. (NASDAQ: GIFT), owner of CardCash.com and Restaurant.com, announced that its recently hired CFO Steve Handy purchased 25,620 shares in the open market. The transactions occurred on October 1, 3, and 4, 2024, with an average price of $1.9646 per share, totaling $50,333.

Handy expressed excitement about the company's future and stated that his open market purchases demonstrate his enthusiasm, especially given the recent share price decline since RDE's uplisting to Nasdaq in August. RDE focuses on incentives and rewards in retail, dining, and entertainment experiences through its digital platforms.

RDE, Inc. (NASDAQ: GIFT), proprietaria di CardCash.com e Restaurant.com, ha annunciato che il suo nuovo CFO Steve Handy ha acquistato 25,620 azioni sul mercato aperto. Le transazioni si sono verificate il 1, 3 e 4 ottobre 2024, con un prezzo medio di $1.9646 per azione, per un totale di $50,333.

Handy ha espresso entusiasmo per il futuro dell'azienda e ha dichiarato che i suoi acquisti sul mercato aperto dimostrano il suo entusiasmo, specialmente considerando il recente calo del prezzo delle azioni da quando RDE è stata quotata al Nasdaq in agosto. RDE si concentra su incentivi e premi nelle esperienze di vendita al dettaglio, ristorazione e intrattenimento attraverso le sue piattaforme digitali.

RDE, Inc. (NASDAQ: GIFT), propietaria de CardCash.com y Restaurant.com, anunció que su recientemente contratado CFO Steve Handy compró 25,620 acciones en el mercado abierto. Las transacciones ocurrieron el 1, 3 y 4 de octubre de 2024, con un precio promedio de $1.9646 por acción, sumando $50,333.

Handy expresó su entusiasmo por el futuro de la compañía y declaró que sus compras en el mercado abierto demuestran su entusiasmo, especialmente dado el reciente descenso en el precio de las acciones desde que RDE fue incluida en Nasdaq en agosto. RDE se centra en incentivos y recompensas en experiencias de venta al por menor, gastronomía y entretenimiento a través de sus plataformas digitales.

RDE, Inc. (NASDAQ: GIFT)는 CardCash.com과 Restaurant.com의 소유주로, 최근 고용된 CFO Steve Handy가 공개 시장에서 25,620주를 구매했다고 발표했습니다. 이번 거래는 2024년 10월 1일, 3일 및 4일에 이루어졌으며, 주당 평균 가격은 $1.9646로 총액은 $50,333입니다.

Handy는 회사의 미래에 대한 기대감을 표현하며, 그의 공개 시장 구매가 특히 RDE가 8월에 나스닥으로 이전된 이후 최근 주가 하락을 감안할 때 그의 열정을 보여준다고 말했습니다. RDE는 디지털 플랫폼을 통해 소매, 외식 및 엔터테인먼트 경험에서 인센티브와 보상에 중점을 두고 있습니다.

RDE, Inc. (NASDAQ: GIFT), propriétaire de CardCash.com et Restaurant.com, a annoncé que son directeur financier récemment engagé, Steve Handy, a acheté 25,620 actions sur le marché ouvert. Les transactions ont eu lieu les 1, 3 et 4 octobre 2024, à un prix moyen de $1.9646 par action, totalisant $50,333.

Handy a exprimé son enthousiasme pour l'avenir de l'entreprise et a déclaré que ses achats sur le marché ouvert témoignent de son enthousiasme, notamment en raison de la récente baisse du prix des actions depuis que RDE a été inscrite au Nasdaq en août. RDE se concentre sur les incitations et les récompenses dans les expériences de vente au détail, de restauration et de divertissement via ses plateformes numériques.

RDE, Inc. (NASDAQ: GIFT), Eigentümer von CardCash.com und Restaurant.com, gab bekannt, dass der kürzlich eingestellte CFO Steve Handy 25,620 Aktien auf dem offenen Markt erworben hat. Die Transaktionen fanden am 1., 3. und 4. Oktober 2024 statt, mit einem Durchschnittspreis von $1.9646 pro Aktie, was insgesamt $50,333 ausmacht.

Handy äußerte seine Begeisterung für die Zukunft des Unternehmens und erklärte, dass seine Käufe auf dem offenen Markt seine Enthusiasmus zeigen, insbesondere angesichts des kürzlichen Rückgangs des Aktienkurses seit der Uplisting von RDE an die Nasdaq im August. RDE konzentriert sich auf Anreize und Belohnungen in den Bereichen Einzelhandel, Gastronomie und Unterhaltung über seine digitalen Plattformen.

Positive
  • CFO's significant personal investment of $50,333 in company stock
  • Demonstration of management's confidence in the company's future
  • Recent uplisting to Nasdaq, potentially increasing visibility and liquidity
Negative
  • Recent share price decline since August Nasdaq uplisting

Insights

The CFO's open market purchase of 25,620 shares at an average price of $1.9646 per share, totaling $50,333, is a positive signal but should be viewed with caution. While insider buying often indicates confidence in a company's future prospects, the relatively small investment (0.12% of market cap) limits its impact.

The recent share price decline since the Nasdaq uplist in August suggests market skepticism. The CFO's purchase may be an attempt to boost investor confidence, but it doesn't necessarily reflect the company's financial health or growth prospects.

Investors should consider RDE's financial performance, growth strategy and market position in the digital incentives and rewards space before making investment decisions. The CFO's purchase alone is not sufficient to justify a bullish outlook.

Average Price per Share of $1.9646

SCHAUMBURG, IL, Oct. 08, 2024 (GLOBE NEWSWIRE) -- RDE, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining & entertainment experiences, today announced that recently hired Chief Financial Officer Steve Handy purchased a total of 25,620 shares for a total of $50,333. The transactions we executed on October 1, 3 and 4, 2024 and resulted in average price per share of $1.9646.

Steve Handy, Chief Financial Officer of RDE, Inc., commented, “I am very excited for what lies ahead for our Company, and given the recent share price decline since we uplisted to Nasdaq in August, I wanted to demonstrate my enthusiasm with these open market purchases.”

About RDE, Inc.

RDE, Inc. is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales. Its Restaurant.com is the nation’s largest restaurant-focused digital deals brand. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deal options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our gift cards and restaurant certificates allow customers to save at thousands of restaurants across the country with just a few clicks.

For more information, visit: www.rdeholdings.com and www.cardcash.com and www.restaurant.com.

Forward-Looking Statements

Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.

Investors Contacts:
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FAQ

How many shares did RDE's CFO Steve Handy purchase in October 2024?

RDE's CFO Steve Handy purchased 25,620 shares in the open market in October 2024.

What was the average price per share for Steve Handy's GIFT stock purchase?

The average price per share for Steve Handy's purchase of RDE, Inc. (GIFT) stock was $1.9646.

When did RDE, Inc. (GIFT) uplist to Nasdaq?

According to the press release, RDE, Inc. (GIFT) uplisted to Nasdaq in August 2024.

What digital platforms does RDE, Inc. (GIFT) own and operate?

RDE, Inc. (GIFT) owns and operates CardCash.com and Restaurant.com, focusing on incentives and rewards in retail, dining, and entertainment experiences.

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