Reitar Logtech prices private placement at up to US$5.5 million
RITR•Reitar Logtech launched a Regulation S private placement of up to 2.75 million Class A ordinary shares at US$2 each, for gross proceeds of up to US$5.5 million.
1. Placement terms
The offering covers up to 2.75 million Class A ordinary shares at US$2 per share across six prospective investors, with each subscription structured as a separate bilateral transaction. A form agreement shows a US$1 million subscription for 500,000 shares, to be issued in book-entry form at closing. Closing is targeted for the third business day after final wire instructions and satisfaction or waiver of conditions; the long-stop date is 60 days from Oct. 2, 2026.
2. Trading suspended
Nasdaq trading in Reitar Logtech was suspended on Sept. 17, 2026, following a staff delisting determination. The company said there is no assurance of relisting or trading availability.
