SWVL Announces $2 Million Private Placement Priced At-the-Market Under Nasdaq Rules
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Swvl Holdings Corp announced a $2 million private placement of pre-funded warrants priced at-the-market under Nasdaq rules. The securities are locked up for 6 months, with limited transferability thereafter.
February 10, 2025 | 1:45 pm
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Swvl Holdings Corp has announced a $2 million private placement of pre-funded warrants, priced at-the-market under Nasdaq rules. The securities are locked up for 6 months, with limited transferability thereafter.
The private placement provides Swvl with additional capital, which can be positive for the company's financial position. The lock-up period and transfer restrictions may reduce immediate selling pressure, potentially stabilizing the stock price.
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