Swvl Announces Pricing of $1.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules Upsizing Its Strategic Round to $14.5 Million
Swvl priced a $1.5 million private placement with Sofico Holdings at $1.46 per share, bringing the total strategic investment round to $14.5 million. The company plans to use the net proceeds for working capital and general corporate purposes, including expansion in the United States.
Key figures
- Deal Value Usd
- 1500000
- Offering Price
- 1.46
- Lock up period months
- 6
- Strategic round total usd
- 14500000
AI analysis
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