Financing ·
Ryde Group Ltd issued 10,500,000 Class B Ordinary Shares to Founder, Chairman, and CEO Terence Zou on July 2, 2026
RYDERyde Group Ltd
Ryde Group Ltd issued 10,500,000 Class B Ordinary Shares to Founder, Chairman, and CEO Terence Zou on July 2, 2026. This issuance followed the achievement of performance-based milestones related to three successful capital raises: a $2 million registered direct offering on December 3, 2025, a $12 million private offering on December 9, 2025, and a $14.9 million private offering on April 13, 2026. Following this issuance, Mr. Zou holds 30,177,175 Class B Ordinary Shares, representing approximately 16.74% of total issued share capital and 66.79% of aggregate voting power. Ryde Group Ltd is a technology company providing ride-hailing and mobility services.