Ryde Group Raises $14M in Fresh Cash, Pricing Stock at Just 36 Cents

Ryde Group Ltd (NYSE:RYDE) (" Ryde " or the " Company "), a leading technology platform for mobility and quick commerce headquartered in Singapore, announced that it has entered into a securities purchase agreement with several investors for a private placement of 33,334,000 Class A ordinary shares and a registered direct offering of 5,556,000 Class A ordinary shares at an offering price of US$0.36 per class A share, for a total gross proceeds of approximately US$14 million (the " Offerings "), before deducting offering expenses, in a private placement and registered direct offering.

The Company did not engage any placement agent for the Offerings.

The Company currently intends to use the net proceeds from the Offerings for working capital and general corporate purposes. The registered direct offering and private placement are expected to close on or about December 3, 2025 and December 9, 2025, respectively, subject to the satisfaction of customary closing conditions.