Ryde Group Ltd Equity Offering

Ryde Group Ltd entered into a securities purchase agreement on April 7, 2026, to issue and sell 37,250,000 Class A ordinary shares at $0.40 per share in a private offering. The offering is expected to raise approximately $14.9 million in gross proceeds and is anticipated to close on or about April 10, 2026. The agreement includes customary representations, warranties, and indemnification rights. Ryde Group Ltd is currently under scrutiny by NYSE American for non-compliance with continued listing standards related to stockholders' equity and has submitted a plan to regain compliance by November 21, 2026. The company states that this offering does not contravene NYSE American rules.