Financing ·
Ryde Group establishes ATM facility to sell up to $96.4M of class A ordinary shares
RYDERyde Group Ltd
Ryde Group Ltd entered into an at-the-market sales agreement with Arc Group Securities LLC on October 9, 2026, creating a shelf registration for the sale of its class A ordinary shares. The facility allows the company to offer and sell shares from time to time through the agent, with aggregate gross proceeds capped at $96,399,000. Sales will be conducted via methods permitted under Rule 415(a)(4), including on The NYSE American or through market makers. The agent receives a commission of 2.5% of gross proceeds plus expenses up to $100,000. Ryde Group intends to use net proceeds for working capital, general corporate purposes, and potential acquisitions or debt repayment. Ryde Group Ltd operates in the mobility technology sector.