Reitar Logtech Holdings Ltd (RITR) Form 6-K — Oct 6, 2026
Reitar Logtech Holdings (RITR) entered six subscription agreements on October 2, 2026 for a Reg S private placement of 2,750,000 Class A ordinary shares at US$2.00 per share, raising up to US$5,500,000 from six non-U.S. investors. The capital raise comes amid serious listing trouble: Nasdaq suspended trading in RITR shares on September 17, 2026 following a Staff Delisting Determination, and the company completed a 25-for-1 share consolidation on September 3, 2026 that could not take effect for Nasdaq trading purposes due to the suspension.
Key figures
- Gross Proceeds
- 5500000
- Offering Price
- 2
- Shares Offered
- 2750000
- Purchasers
- 6
- Long stop date days
- 60
- Single purchaser shares
- 500000
- Trading suspension date
- September 17, 2026
- Single purchaser subscription usd
- 1000000
- Proposed share consolidation ratio
- 10-for-1 (EGM November 2, 2026)
- Completed share consolidation ratio
- 25-for-1 (effective September 3, 2026)
AI analysis
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