Ryde Group (RYDE) Files for 5M Unit Offering

Ryde Group (NYSE: RYDE) has filed for 5,000,000 unit offering:

We are offering on a best efforts basis up to 5,000,000 units (the “Units”), each consisting of one Class A Ordinary Share, par value US$0.0002 per share (each an “Class A Ordinary Share” and collectively the “Class A Ordinary Shares”) of Ryde Group Ltd (“RYDE”, the “Company”, “we”, “our”, “us”), and one warrant (“Common Warrant”), each to purchase one Class A Ordinary Share, at an assumed offering price of US$5.00 per Unit. The Units have no stand-alone rights and will not be certified or issued as stand-alone securities. Each Common Warrant is exercisable immediately on the date of issuance at an exercise price of US$5.00 per share (equal to 100% of the public offering price of each Unit sold in this offering), and will expire five years from the date of issuance.

The Class A Ordinary Shares and the accompanying Common Warrants can only be purchased together in this offering but will be issued separately and will be immediately separable upon issuance. We are also registering the Class A Ordinary Shares issuable from time to time upon exercise of the Common Warrants included in the Units offered hereby.

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