RedCloud Holdings plc - Ordinary Shares (RCT)

London, Oct. 28, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (the “Company” or “RedCloud”) (Nasdaq: RCT) today announced that it has entered into subscription agreements and set-off agreements with Company insiders pursuant to which the Company agreed to issue and sell 31.7 million of its unregistered ordinary shares in a private placement at a price per share of $0.25, representing a premium of approximately 281% to the closing price of the Company’s ordinary shares on October 27, 2026, for an aggregate subscription price of $7,925,000. The aggregate subscription price will be paid to the Company by offsetting financial liabilities of the Company owed to such Company insiders. The Company expects to complete the issuance on or about October 28, 2026.

Following repayment, there are no convertible notes outstanding and RedCloud intends to deregister the unsold ordinary shares under the applicable registration statement to extinguish the related resale overhang

First commercial close will provide initial local data for RAID and the previously announced joint venture to operate RedAI trade infrastructure in Saudi Arabia and Bahrain

As a result of the appeal, there is no immediate impact on the listing of RedCloud ordinary shares, which continue to trade in the normal manner on the Nasdaq Capital Market under the symbol “RCT”

The Board of Directors has convened the General Meeting to approve a 20-for-1 share consolidation to ensure continued compliance with Nasdaq listing requirements

- Revenue increased 34% to $24.0 million -- Operating loss decreased 15% to ($17.1) million -- Net loss decreased 30% to ($18.5) million -- Total trading volume increased 30% to $1.56 billion -