Swvl Holdings Corp (SWVL), a mobility solutions provider, has announced that investors have exercised their right to purchase additional securities worth USD 2 million in pre-funded warrants.
This follows an agreement from November 2024 that allowed investors to acquire these warrants at $4.79 per share through a private placement.
The transaction, which involved the sale of securities to select investors, was finalized on February 7, 2025. As part of the deal, investors agreed to a six-month lock-up period, preventing them from selling the securities immediately.
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After this period, they can sell a limited portion—less than 20% of their holdings—every 90 days, with each sale restricted to 20% of the stock’s trading volume on the given day.
Pre-funded warrants are financial instruments that give investors the right to purchase shares at a predetermined price, often at a lower cost than buying them directly.
Swvl views the lock-up agreements and structured selling restrictions as a reflection of investor confidence in its long-term strategy.
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The company intends to use the funds for working capital, corporate expenses, and expanding its presence in the United States.
This investment is part of a broader effort to strengthen financial stability, attract investor backing, and accelerate international growth.
The announcement follows several recent developments for Swvl, including securing high-value contracts across Egypt, Saudi Arabia, and the UAE, as well as securing financing from HSBC to support its sales pipeline.
The company also prioritizes expansion in the United States and the Gulf Cooperation Council (GCC).
This USD 2 million investment builds on the previously disclosed USD 4.7 million private placement from November 2024.
Additionally, in May 2024, Swvl reported net profits and positive cash flows for the fiscal year 2023, estimated at approximately USD 3.1 million.
By securing these investments, Swvl aims to reinforce its financial position, expand its operations globally, and maintain confidence among its investors.
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