RedCloud Holdings plc Completes $20M IPO
Ticker: RCT · Form: 6-K · Filed: Mar 24, 2025 · CIK: 2027360
| Field | Detail |
|---|---|
| Company | Redcloud Holdings PLC (RCT) |
| Form Type | 6-K |
| Filed Date | Mar 24, 2025 |
| Risk Level | medium |
| Sentiment | bullish |
Sentiment: bullish
Topics: ipo, offering, financing
TL;DR
RedCloud Holdings plc just IPO'd, raising $20M on 4.4M shares at $4.50.
AI Summary
On March 24, 2025, RedCloud Holdings plc completed its initial public offering (IPO) of 4,444,445 ordinary shares at $4.50 per share. This offering generated approximately $20 million in gross proceeds for the company before expenses.
Why It Matters
The completion of an IPO signifies a major milestone for RedCloud Holdings plc, providing capital for growth and increasing its public profile.
Risk Assessment
Risk Level: medium — The company is newly public, and its future performance is yet to be proven in the public markets.
Key Numbers
- $20 million — Gross IPO Proceeds (Funds raised before expenses from the initial public offering.)
- 4,444,445 — Shares Offered (The total number of ordinary shares sold in the IPO.)
- $4.50 — Price Per Share (The price at which each ordinary share was offered to the public.)
Key Players & Entities
- RedCloud Holdings plc (company) — Registrant and issuer of shares
- March 24, 2025 (date) — Date of IPO completion
- 4,444,445 (share_count) — Number of ordinary shares offered
- $4.50 (dollar_amount) — Public offering price per share
- $20 million (dollar_amount) — Gross proceeds from the IPO
FAQ
What is the total number of ordinary shares offered in the IPO?
The IPO offered 4,444,445 ordinary shares.
What was the public offering price per share?
The public offering price was $4.50 per share.
What were the approximate gross proceeds from the IPO?
The IPO generated approximately $20 million in gross proceeds.
On what date did RedCloud Holdings plc complete its IPO?
The company consummated its IPO on March 24, 2025.
What is the par value of the ordinary shares offered?
The ordinary shares have a par value of £0.002 per share.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 24, 2025 regarding RedCloud Holdings plc (RCT).