RedCloud agrees to sell 7,200,000 unregistered shares to insiders for $1.8 million in private placement
RCT•Private placement details
- RedCloud agreed to sell 7,200,000 unregistered ordinary shares to insiders in a private placement priced at USD 0.25 each.
- The deal implies gross proceeds of about USD 1.8 million, representing a 24% premium to the Aug. 26 close.
- Largest shareholder Christina Byland bought 4,700,000 shares, while board member Dr. Nikolaus Senn bought 2,500,000 shares.
- The issuance is expected to close on or about Aug. 27.
