RedCloud Issues Shares to Insiders in $7.9 Million Private Placement
RedCloud says insiders subscribed for shares at $0.25 per share, for an aggregate subscription price of $7.9 million.
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11:57:11 AM UTC
SquawkNews
RedCloud agreed to sell 31.7M unregistered ordinary shares to insiders at $0.25, a ~281% premium to Oct. 27 close, for $7.93M, to be paid by offsetting Company liabilities. Completion is expected on or about Oct. 28, 2026.Material DetailsContext by AI AnalystThis is a balance-sheet and ownership ev…