6-K
Ryde Group Ltd (RYDE)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM6-K
REPORTOF FOREIGN PRIVATE ISSUER
PURSUANTTO RULE 13a-16 OR 15d-16
UNDERTHE SECURITIES EXCHANGE ACT OF 1934
Forthe month of March 2024
CommissionFile Number: 001-41950
RydeGroup Ltd
DuoTower, 3 Fraser Street, #08-21
Singapore189352
+65-9665-3216
(Addressof principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
On March 8, 2024, Ryde Group Ltd (the “Company”) closed its previously announced initial public offering (the “IPO”) of 3,000,000 Class A ordinary shares, par value US$0.0002 per share (the “Shares”) at a price of US$4.00 per share. The Company completed the IPO pursuant to its registration statement on Form F-1 (File No. 333-274283), which was originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 31, 2023 (as amended, the “Registration Statement”) and declared effective by the SEC on February 28, 2024.
In connection with the IPO, the Company issued a press release on March 8, 2024 announcing the closing of the IPO. The press release, furnished in this report as Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.
This report does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Ryde Group Ltd | ||
|---|---|---|
| Date:<br> March 8, 2024 | By: | /s/ Zou Junming Terence |
| Name: | Zou<br> Junming Terence | |
| Title: | Chairman<br> of the Board of Directors and Chief Executive Officer |
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EXHIBITINDEX
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release on Closing of the Company’s Initial Public Offering |
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Exhibit99.1
RydeGroup Ltd Announces Closing of Initial Public Offering
Singapore,March 08, 2024 – Ryde Group Ltd (“Ryde” or the “Company”) (NYSE American: RYDE), a technology company with a leading platform for mobility and quick commerce in Singapore, announced today the closing of its previously announced initial public offering of 3,000,000 Class A ordinary shares, at a price of US$4.00 per share to the public (the “Offering”), for a total of US$12,000,000 of gross proceeds to the Company, before deducting underwriting discounts and offering expenses. The shares began trading on the NYSE American on March 6, 2024 under the symbol “RYDE.” In addition, the Company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 450,000 Ordinary Shares at the public offering price, less underwriting discounts, to cover the over-allotment option, if any.
Maxim Group LLC is acting as the sole book-running manager of the Offering. Sidley Austin LLP is acting as U.S. counsel to the Company, and Ortoli Rosenstadt LLP is acting as U.S. counsel to Maxim Group LLC in connection with the Offering.
A registration statement on Form F-1, as amended (File No. 333-274283) relating to the Offering, as amended, has been filed with the Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on February 28, 2024. The Offering is being made only by means of a prospectus, forming part of the registration statement. Copies of the final prospectus related to the Offering may be obtained, when available, from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, by email at [email protected], or by telephone at +1-212-895-3500. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC’s website at www.sec.gov.
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
AboutRyde Group Ltd
The first carpool app developed in Singapore, Ryde has revolutionized how people move from point to point. Its mission is to positively impact the lives of all riders and drivers through leveraging technology to better facilitate the movement of people and goods.
Ryde provides on-demand and scheduled carpooling and ride-hailing services, connecting riders with drivers. Ryde also provides on-demand, scheduled, and multi-stop parcel delivery services. From its origins as a carpool app, Ryde has expanded to provide a full suite of mobility and delivery options. For more information, please: https://rydesharing.com/
Forward-LookingStatements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statements filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Ryde Group Ltd specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
ForMedia Relations:
Media Team
Ryde Group Ltd
Email: [email protected]
ForInvestor Relations:
Investor Relations Team
Ryde Group Ltd
Email: [email protected]
Skyline Corporate Communications Group, LLC
Email: [email protected]