RedCloud Holdings plc (RCT) Form 6-K — Oct 27, 2026
RedCloud Holdings plc (Nasdaq: RCT) has fully repaid the senior convertible notes issued in February 2026 to 3i, LP and Alto Opportunity Master Fund SPC, which had raised $4.0 million in aggregate cash proceeds. Repayment was made using proceeds from a non-dilutive shareholder loan, and the notes are now fully satisfied and extinguished. The February 2026 notes had been amended in June 2026 to cut the conversion price from $1.30 to $0.57 and increase outstanding principal by $1,833,328, creating a significant dilution overhang that is now removed.
Key figures
- Brands
- 6,700
- Customers
- 100,000+
- Aggregate cash proceeds
- $4.0 million
- Conversion price reduced to
- $0.57
- Fmcg transactions processed
- $8.4 billion
- Conversion price reduced from
- $1.30
- Original face amount per note
- $2,173,913
- Principal increase from amendments
- $1,833,328
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