Ryde Group (RYDE) Company Report

Analyst Coverage

Research analysts covering Ryde Group.

Recent press releases and 8-K filings for RYDE.

Ryde Group Ltd Announces Pricing of US$14 Million Offerings

RYDE

Delisting/Listing Issues

Ryde Group Ltd announced US$14 million in offerings, comprising a US$12 million private placement and a US$2 million registered direct offering.
The offerings involve the sale of a total of 38,890,000 Class A ordinary shares (33,334,000 from the private placement and 5,556,000 from the registered direct offering) at an offering price of US$0.36 per share.
The company intends to use the net proceeds from these offerings for working capital and general corporate purposes.
The registered direct offering is expected to close on or about December 3, 2025, and the private placement on or about December 9, 2025.
Ryde is currently addressing a NYSE American non-compliance notice received on May 21, 2025, related to stockholders' equity and reported losses, with a plan accepted on August 5, 2025, to regain compliance by November 21, 2026.

4 days ago

Ryde Group Ltd announces strategic investment in Singapore Electric Vehicles Pte Ltd

RYDE

New Projects/Investments

Ryde Group Ltd's wholly owned subsidiary, RCSR Pte. Ltd., has made a strategic investment of US$6.2 million in Singapore Electric Vehicles Pte Ltd (SEV) by subscribing to secured convertible notes.
The notes have a twelve-month tenor with an 8% annual interest rate, payable semi-annually, and are secured by a fixed charge over SEV's assets.
RCSR has the option to convert the outstanding notes into SEV equity at maturity, or SEV is obligated to repay the principal and accrued interest.
This investment is a key milestone in Ryde's roadmap toward full electrification, aiming to strengthen its position in Singapore's EV market by securing early access to SEV's fleet of over 200 electric vehicles.

Oct 30, 2025, 10:02 AM

Ryde Group Ltd Reports H1 2025 Balance Sheet Changes and NYSE American Compliance Concern

RYDE

Delisting/Listing Issues

New Projects/Investments

Ryde Group Ltd's total assets decreased from S$9,084,000 as of December 31, 2024, to S$7,265,000 (US$5,711,000) as of June 30, 2025, while total liabilities also decreased from S$5,216,000 to S$5,008,000 (US$3,937,000) over the same period.
Shareholders' equity significantly declined from S$3,868,000 as of December 31, 2024, to S$2,257,000 (US$1,774,000) as of June 30, 2025. This value is below the US$4.0 million threshold for continued listing on NYSE American, for which the company received a notice on May 21, 2025.
Cash and cash equivalents decreased from S$5,519,000 as of December 31, 2024, to S$3,110,000 (US$2,445,000) as of June 30, 2025.
Investment in a joint venture increased from S$0 as of December 31, 2024, to S$1,867,000 (US$1,468,000) as of June 30, 2025, reflecting the acquisition of a 40% shareholding in Atoll Discovery in June 2025.

Oct 24, 2025, 10:06 AM

Ryde Group Ltd Issues Performance-Based Class B Shares to CEO

RYDE

Executive Compensation

New Projects/Investments

Revenue Acceleration/Inflection

Ryde Group Ltd's Board of Directors approved the issuance of 2,000,000 Class B Ordinary Shares to its Founder, Chairman, and CEO, Mr. Terence Zou, on October 10, 2025, in recognition of his contribution to a US$1.6 million Registered Direct Offering.
The Board further authorized the allotment of up to 30,000,000 additional Class B Ordinary Shares to Mr. Zou, tied to performance-based milestones for the Ryde 2.0 transformation plan.
These milestones include the successful completion of a US$40 million fundraising by June 30, 2026, and the company's revenue growth exceeding 20% in the first half of 2025 compared to the same period in 2024.
After the initial issuance, Mr. Terence Zou will beneficially own Class B Ordinary Shares representing approximately 9.5% of the Company's total issued and outstanding share capital and approximately 51.1% of the aggregate voting power.
Upon achieving all performance-based milestones, Mr. Zou's beneficial ownership would increase to approximately 35.1% of the total issued and outstanding share capital and approximately 84.4% of the aggregate voting power.

Oct 10, 2025, 10:10 AM

Ryde Group Ltd Announces Private Offering and NYSE American Compliance Plan

RYDE

Delisting/Listing Issues

Ryde Group Ltd entered into a securities purchase agreement on October 7, 2025, to issue and sell 33,340,000 Class A ordinary shares at an offering price of US$0.30 per share in a private offering.
This offering is expected to generate approximately US$10 million in aggregate gross proceeds and is anticipated to close around October 10, 2025.
The company is addressing a NYSE American listing compliance issue due to stockholders' equity being less than US$4.0 million and reported losses in three of its four most recent fiscal years. A plan to regain compliance by November 21, 2026, was accepted by NYSE American on August 5, 2025.

Oct 9, 2025, 12:45 PM

Ryde Group Ltd Board Approves Class B to Class A Share Conversion

RYDE

On September 15, 2025, Ryde Group Ltd's Board of Directors approved the conversion of 1,365,225 Class B Ordinary Shares held by Octava Fund Limited into an equivalent number of Class A Ordinary Shares.
This conversion will result in an increase of 1,365,225 outstanding Class A Ordinary Shares.
Following the conversion, the company will have a total of 40,561,826 Ordinary Shares issued and outstanding, comprising 35,384,651 Class A Ordinary Shares and 5,177,175 Class B Ordinary Shares.
The company's founder, chairman, and CEO, Mr. Terence Zou, will continue to beneficially own all Class B Ordinary Shares, which constitute approximately 12.77% of the total issued and outstanding share capital and approximately 52.06% of the aggregate voting power.

Sep 15, 2025, 10:26 AM

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