ShareholdingJul 2, 2026, 06:11 AM
Ryde Group Issues 10.5M Class B Shares to CEO; Boosts Voting Power to 66.79%
AI Summary
Ryde Group Ltd issued 10,500,000 Class B Ordinary Shares to its Founder, Chairman, and CEO, Mr. Terence Zou, after he met approved performance-based milestones. These milestones included the successful completion of three registered direct and private offerings totaling $28.9 million. Following this issuance, Mr. Zou's beneficial ownership of Class B Ordinary Shares increased to 30,177,175, which now constitutes approximately 16.74% of the company's total issued share capital and approximately 66.79% of the aggregate voting power.
Key Highlights
- Ryde Group issued 10,500,000 Class B Ordinary Shares to CEO Terence Zou.
- Issuance followed satisfaction of performance-based milestones.
- Milestones included successful completion of $2M, $12M, and $14.9M offerings.
- Mr. Zou now beneficially owns 30,177,175 Class B Ordinary Shares.
- This represents approximately 16.74% of total issued share capital.
- Mr. Zou's aggregate voting power increased to approximately 66.79%.
- Total issued and outstanding share capital is 180,226,306 Ordinary Shares.
- Class B Ordinary Shares are not listed on the NYSE American market.
Price Impact
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