RedCloud Holdings Announces Closing of $20 Million Initial Public Offering
RedCloud Holdings has successfully completed its Initial Public Offering (IPO), raising approximately $20 million in gross proceeds. The company offered 4,444,445 ordinary shares at $4.50 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol 'RCT' on March 21, 2025.
The underwriters have a 30-day option to purchase up to an additional 666,666 ordinary shares to cover over-allotments. Roth Capital Partners and Clear Street served as active joint book-running managers, with Rosenblatt Securities as passive book-running manager and The Benchmark Company as co-manager.
RedCloud Holdings ha completato con successo la sua Offerta Pubblica Iniziale (IPO), raccogliendo circa 20 milioni di dollari in proventi lordi. L'azienda ha offerto 4.444.445 azioni ordinarie a 4,50 dollari per azione, con l'inizio delle contrattazioni sul Nasdaq Capital Market sotto il simbolo ticker 'RCT' il 21 marzo 2025.
Gli underwriter hanno un'opzione di 30 giorni per acquistare fino a ulteriori 666.666 azioni ordinarie per coprire sovra-allocazioni. Roth Capital Partners e Clear Street hanno svolto il ruolo di gestori attivi congiunti, mentre Rosenblatt Securities ha agito come gestore passivo e The Benchmark Company come co-gestore.
RedCloud Holdings ha completado con éxito su Oferta Pública Inicial (IPO), recaudando aproximadamente 20 millones de dólares en ingresos brutos. La empresa ofreció 4,444,445 acciones ordinarias a 4.50 dólares por acción, comenzando a cotizar en el Nasdaq Capital Market bajo el símbolo de cotización 'RCT' el 21 de marzo de 2025.
Los suscriptores tienen una opción de 30 días para comprar hasta 666,666 acciones ordinarias adicionales para cubrir sobreasignaciones. Roth Capital Partners y Clear Street actuaron como gestores conjuntos activos, con Rosenblatt Securities como gestor pasivo y The Benchmark Company como co-gestor.
RedCloud Holdings는 상장 공모(IPO)를 성공적으로 완료하고 약 2천만 달러의 총 수익을 올렸습니다. 회사는 4,444,445주의 보통주를 주당 4.50달러에 제공하였으며, Nasdaq Capital Market에서 'RCT'라는 티커 기호로 2025년 3월 21일에 거래를 시작합니다.
인수인들은 추가 배정을 커버하기 위해 30일 동안 최대 666,666주의 보통주를 구매할 수 있는 옵션을 가지고 있습니다. Roth Capital Partners와 Clear Street는 공동 주관사로 활동하였고, Rosenblatt Securities는 수동 주관사, The Benchmark Company는 공동 주관사로 참여하였습니다.
RedCloud Holdings a réussi à finaliser son Appel Public à l'Épargne (IPO), levant environ 20 millions de dollars de produits bruts. L'entreprise a proposé 4.444.445 actions ordinaires au prix de 4,50 dollars par action, avec le début des échanges sur le Nasdaq Capital Market sous le symbole boursier 'RCT' le 21 mars 2025.
Les souscripteurs disposent d'une option de 30 jours pour acheter jusqu'à 666.666 actions ordinaires supplémentaires pour couvrir les surallocations. Roth Capital Partners et Clear Street ont agi en tant que co-gestionnaires actifs, tandis que Rosenblatt Securities a été le gestionnaire passif et The Benchmark Company le co-gestionnaire.
RedCloud Holdings hat erfolgreich seine Erstnotierung (IPO) abgeschlossen und dabei etwa 20 Millionen Dollar an Bruttoeinnahmen erzielt. Das Unternehmen bot 4.444.445 Stammaktien zu einem Preis von 4,50 Dollar pro Aktie an, wobei der Handel am Nasdaq Capital Market unter dem Tickersymbol 'RCT' am 21. März 2025 begann.
Die Underwriter haben eine 30-tägige Option, bis zu 666.666 Stammaktien zur Deckung von Überzeichnungen zu erwerben. Roth Capital Partners und Clear Street fungierten als aktive gemeinsame Buchführer, während Rosenblatt Securities als passiver Buchführer und The Benchmark Company als Co-Manager tätig waren.
- Successfully completed IPO raising $20 million in gross proceeds
- Achieved Nasdaq Capital Market listing
- Strong underwriting support from multiple established financial institutions
- Potential dilution from additional 666,666 shares if over-allotment option is exercised
- IPO proceeds will be reduced by underwriting discounts and offering expenses
Insights
RedCloud Holdings has successfully completed its initial public offering, raising
This IPO represents a significant milestone for RedCloud, providing substantial capital to potentially fund growth initiatives, strengthen its balance sheet, or pursue strategic opportunities. The successful public listing also enhances the company's profile and provides a liquid market for its shares.
The underwriter structure is robust, with Roth Capital Partners and Clear Street serving as active joint book-runners, supported by Rosenblatt Securities and The Benchmark Company. The 30-day over-allotment option for an additional 666,666 shares could potentially increase total proceeds by approximately
While the article doesn't detail RedCloud's business model or planned use of proceeds, the successful completion indicates sufficient investor interest to support the offering price, which aligns with the current trading value of
LONDON, March 24, 2025 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (“RedCloud” or the “Company”), today announced the closing of its initial public offering of 4,444,445 of its ordinary shares at a public offering price of
The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol “RCT” on March 21, 2025.
RedCloud has granted the underwriters a 30-day option to purchase up to an additional 666,666 ordinary shares from RedCloud to cover over-allotments in connection with the Offering.
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.
Ellenoff Grossman & Schole LLP and Taylor Wessing LLP served as legal counsel to the Company. Reed Smith LLP served as legal counsel to the underwriters.
A registration statement relating to the ordinary shares was declared effective by the Securities and Exchange Commission (the “SEC”) on March 20, 2025. The Offering was made only by means of a prospectus. A final prospectus relating to the Offering has been filed with the SEC. Copies of the final 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. 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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