Rectitude Holdings Ltd. Closes IPO of 2M Shares
Ticker: RECT · Form: 6-K · Filed: Jun 24, 2024 · CIK: 1995116
| Field | Detail |
|---|---|
| Company | Rectitude Holdings LTD. (RECT) |
| Form Type | 6-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $4.00, $5.8 million |
| Sentiment | bullish |
Sentiment: bullish
Topics: ipo, offering, shares
TL;DR
Rectitude Holdings Ltd. just closed its IPO, selling 2M shares on 6/24/24.
AI Summary
Rectitude Holdings Ltd. announced the closing of its initial public offering (IPO) on June 24, 2024. The company sold 2,000,000 ordinary shares, par value US$0.0001 each, as part of this offering. This IPO was conducted under a registration statement on Form F-1, initially filed with the SEC on January 16, 2024.
Why It Matters
The successful completion of an IPO marks a significant milestone for Rectitude Holdings Ltd., potentially providing capital for growth and increasing its public profile.
Risk Assessment
Risk Level: medium — The company is newly public, and its long-term performance and market reception are yet to be fully established.
Key Numbers
- 2,000,000 — Ordinary Shares Sold (Represents the total number of shares offered and sold in the IPO.)
Key Players & Entities
- Rectitude Holdings Ltd. (company) — Company completing IPO
- June 24, 2024 (date) — Date of IPO closing
- 2,000,000 (dollar_amount) — Number of ordinary shares sold in IPO
- US$0.0001 (dollar_amount) — Par value of ordinary shares
- Form F-1 (document) — Registration statement form used for IPO
- January 16, 2024 (date) — Initial filing date of registration statement
FAQ
What was the total number of ordinary shares offered in the IPO?
Rectitude Holdings Ltd. offered 2,000,000 ordinary shares in its initial public offering.
On what date did Rectitude Holdings Ltd. close its IPO?
The company closed its initial public offering on June 24, 2024.
What is the par value of the ordinary shares sold?
The par value of the ordinary shares sold is US$0.0001.
Under which form was the IPO registration statement filed?
The IPO was conducted under a registration statement on Form F-1.
When was the registration statement for the IPO initially filed?
The registration statement was initially filed with the SEC on January 16, 2024.
Filing Stats: 778 words · 3 min read · ~3 pages · Grade level 12.6 · Accepted 2024-06-24 16:30:21
Key Financial Figures
- $0.0001 — 2,000,000 ordinary shares, par value US$0.0001 (the “Shares”). The Company
- $4.00 — une 20, 2024. The Shares were priced at $4.00 per share, and the IPO was conducted on
- $5.8 million — enses, are expected to be approximately $5.8 million. The Underwriting Agreement contains c
Filing Documents
- ea0208330-6k_rectitude.htm (6-K) — 16KB
- ea020833001ex1-1_rectitude.htm (EX-1.1) — 267KB
- ea020833001ex4-1_rectitude.htm (EX-4.1) — 91KB
- ea020833001ex99-1_rectitude.htm (EX-99.1) — 9KB
- ea020833001ex99-2_rectitude.htm (EX-99.2) — 10KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- ex99-2_001.jpg (GRAPHIC) — 2KB
- 0001213900-24-055244.txt ( ) — 401KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Underwriting Agreement dated June 20, 2024 by and between the Company and the Underwriter 4.1 Underwriter’s Warrant 99.1 Press Release on Pricing of the Company’s Initial Public Offering 99.2 Press Release on Closing of the Company’s Initial Public Offering 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Rectitude Holdings Ltd Date: June 24, 2024 By: /s/ Jian Zhang Name: Jian Zhang Title: Chairman of the Board of Directors and Chief Executive Officer 2