Financing ·
Reitar Logtech raises $5.5M via private placement of Class A ordinary shares at $2.00 per share
RITRReitar Logtech Holdings Ltd
Reitar Logtech Holdings Limited entered into six subscription agreements for a private placement of up to 2,750,000 Class A ordinary shares at an initial price of US$2.00 per share, raising an aggregate purchase price of up to US$5,500,000. The transaction was authorized by the Board on October 2, 2026, and is expected to close remotely within three business days after satisfaction of closing conditions. The offering relies on Regulation S exemptions for non-U.S. persons. Nasdaq suspended trading in the company's shares on September 17, 2026, following a staff delisting determination, though the company has sought review before a Nasdaq Hearings Panel. Reitar Logtech Holdings Limited operates in the logistics technology sector.