Financing ·
Swvl Holdings Corp closed a private placement financing with Coefficient SWVL Holdings, LLC and HITE Hedge Asset…
SWVLWSwvl Holdings Corp
Swvl Holdings Corp closed a private placement financing with Coefficient SWVL Holdings, LLC and HITE Hedge Asset Management. The company issued 8,990,317 Class A ordinary shares at $1.446 per share to Coefficient and HITE, closing on September 1 and 2, 2026. Although HITE initially agreed to purchase 2,047,668 shares, it instead purchased pre-funded warrants for the same number of shares with a nominal exercise price of $0.001 per share. Additionally, Sofico Holdings Limited closed its commitment on September 10, 2026, to purchase 1,027,397 ordinary shares at $1.46 per share. This equity financing provides capital for the company's operations in the technology and transportation sector.