Rectitude agrees to acquire Mr. Butler for 800,000 shares
RECT•Rectitude agreed to acquire all of Mr. Butler for 800,000 new Class A ordinary shares valued at US$1 each. Separate agreements cover transfers of INOS and G & L customer relationships, contracts and intellectual property for 1 million shares in total, with closing scheduled for November 1, 2026, subject to conditions.
1. Acquisition agreements
Rectitude agreed on October 12, 2026, to acquire 100% of Mr. Butler, expanding into household goods repair and personal services. The consideration is 800,000 new Class A ordinary shares, contractually valued at US$1 per share, with a partial holdback.
2. Additional transfers
Separate agreements signed October 17 cover the transfer of INOS and G & L customer relationships, contracts and intellectual property. Each seller will receive 500,000 ordinary shares, totaling 1 million shares, at a closing scheduled for November 1, 2026, subject to conditions; shares issued for all three transactions carry one-year lockups.
