Ryde Signs Non-Binding Term Sheet to Buy Stake in OneT
Ryde signed a non-binding term sheet to acquire an initial 10% stake in OneT with cash and new shares, plus an option to buy up to an additional 10% within nine months. Valuation, deal terms and completion remain subject to due diligence, approvals and definitive agreements.
Ryde has signed a non-binding term sheet to acquire an initial 10% stake in OneT, using cash and newly issued shares. The term sheet also gives Ryde an option to purchase up to an additional 10% within nine months. The deal’s terms, valuation and completion remain subject to due diligence, approvals and definitive agreements.