Ryde Closes $4.5 Million Public Offering

MT Newswires Live09-28

Ryde Group (RYDE) on Friday announced the closing of a $4.5 million public offering.

The company issued 5.3 million units at $0.85 each. Each unit is made up of a Class A common share and a warrant that can be exchanged for a common stock at $0.85 apiece.

Shares of the company fell 4.7% in recent trading.

Price: 0.81, Change: -0.04, Percent Change: -4.71

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