Ryde Group Raises $12 Million in Private Placement

Reuters12-03

<a href="https://laohu8.com/S/RYDE">Ryde Group</a> Raises $12 Million in Private Placement

Ryde Group Ltd. has announced it has entered into a securities purchase agreement with several investors for a private placement of 33,334,000 Class A ordinary shares at an offering price of US$0.36 per share. The private placement, part of a total US$14 million capital raise that also includes a registered direct offering, is expected to generate gross proceeds of approximately US$12 million before expenses. Ryde Group intends to use the net proceeds for working capital and general corporate purposes. The private placement is expected to close on or about December 9, 2025, subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ryde Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-025847), on December 03, 2025, and is solely responsible for the information contained therein.

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