Swvl Holdings Corp. Price & Performance (SWVLW)

Swvl Holdings Corp has raised $2 million through a private placement of pre-funded warrants. The funds will support working capital, corporate expenses, and U.S. expansion. Investors agreed to a six-month lock-up period, limiting share sales to 20% every 90 days, demonstrating confidence in Swvl's growth strategy.12

Swvl has completed a $2 million private placement to bolster its financial position and expand operations in the U.S. The deal involves pre-funded warrants and a six-month lock-up agreement. This follows the company’s earlier $4.7 million private placement and successful contracts in the Middle East.12

Swvl's $2 million private placement aligns with its strategy to expand internationally, particularly in the U.S. The funding deal, involving pre-funded warrants, includes restrictions on share sales. With recent successes in the Middle East, Swvl is poised for further growth and increased investor confidence.12