Recent Updates — RYDE
Ryde Group Ltd announced an extraordinary general meeting scheduled for September 29, 2026, where shareholders will vote on a reverse stock split of Class A and Class B ordinary shares at a ratio of 1-for-150. The transaction is set to become effective on December 4, 2026. Shareholders of record as of August 13, 2026 are entitled to vote. The meeting also includes proposals to adopt the fourth amended and restated memorandum and articles of association, increase authorized share capital, and address fractional entitlements resulting from the split. Ryde Group Ltd operates in the mobility technology sector, providing ride-hailing services.
Ryde Group Ltd announced the resignation of CFO Lang Chen Fei (Mr. Lang) effective July 3, 2026, for personal reasons. The Board appointed Tee Kok Siong @ Tommy Tee to serve as the CFO, effective the same date. Ryde Group Ltd is a Singapore-based company that provides ride-hailing and mobility-related services.
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.