Rectitude Holdings Ltd (RECT) has released an update.
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Rectitude Holdings Ltd has confirmed an underwriting agreement with A.G.P./Alliance Global Partners for the issuance and sale of 2 million ordinary shares at $4.00 each, with an over-allotment option for an additional 300,000 shares. This financial move aims to cover potential over-allotments in the offering, which is now registered with the U.S. Securities and Exchange Commission and declared effective.
For further insights into RECT stock, check out TipRanks’ Stock Analysis page.
