RedCloud Announces Issuance of Shares to CEO in Private Placement

London, Sept. 22, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (the “Company” or “RedCloud”) (Nasdaq: RCT) today announced that it has entered into a subscription agreement and set-off agreement with Justin Floyd, the Company’s Chief Executive Officer, pursuant to which the Company agreed to issue and sell 74,000 of its unregistered ordinary shares to Mr. Floyd in a private placement at a price per share of $2.50, representing a substantial premium to the closing price of the Company’s ordinary shares on September 21, 2026, for an aggregate subscription price of $185,000. The aggregate subscription price will be paid to the Company by offsetting financial liabilities of the Company owed to Mr. Floyd. The Company expects to complete the issuance on or about September 22, 2026.

The ordinary shares to be issued in connection with the private placement described above are being offered in a private placement and have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state or other applicable jurisdictions’ securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions’ securities laws.