RedCloud Announces ~$1.8M Private Placement Of 7.2M Shares To Company Insiders At $0.25 Per Share
The company has agreed to sell 7,200,000 of its unregistered ordinary shares to Company insiders in a private placement at a price per share of $0.25, representing approximately a 24% premium to the closing price of the
RedCloud is selling new shares to its own leaders at $0.25 each, which costs about $1.8 million total. When company insiders buy shares at a premium (higher price), it can hint they believe in the company's future, but watch to see if the stock price moves and what the company does with the money.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.