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Swvl Holdings Plans $100 Million Mixed Shelf Offering; Shares Fall After Hours
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Swvl Holdings Plans $100 Million Mixed Shelf Offering; Shares Fall After Hours
Jun 3, 2024 3:07 PM

05:50 PM EDT, 06/03/2024 (MT Newswires) -- Swvl Holdings ( SWVL ) said late Monday in a regulatory filing it may offer up to $100 million of ordinary shares, warrants or units.

Net proceeds will be for product integration, research and development, working capital and general corporate purposes, the company said in the shelf registration.

Shares of the company fell 2.3% in after-hours activity.

Price: 10.13, Change: -0.24, Percent Change: -2.31

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