Swvl prices USD 1.5 million private placement at USD 1.46 per share

Swvl entered a definitive agreement for a USD 1.5 million private placement of ordinary shares at USD 1.46 each.

Buyer Sofico Holdings agreed to a 6-month lockup on the shares. After the lockup, sales are capped at below 20% of the purchased shares per 90 days, and limited to 20% of that day’s trading volume.

Closing is expected around Aug. 28, 2026, subject to customary conditions.

Proceeds are earmarked for working capital, general corporate purposes, and U.S. expansion; the round size rises to about USD 14.5 million.