Swvl Announces Pricing of $1.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules Upsizing Its Strategic Round to $14.5 Million

DUBAI, United Arab Emirates, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (Nasdaq: SWVL) (“Swvl” or the “Company”), a leading provider of technology-driven mobility solutions for enterprises and governments, today announced its entry into a definitive agreement with Sofico Holdings Limited (“Sofico”, or the “Purchaser”), to purchase $1.5 million of ordinary shares in a private placement, at a purchase price of $1.46 per share (the “Offering”). The Purchaser has agreed to lock up the securities purchased in the Offering for a period of 6 months, and also agreed to transfer less than 20% of the securities purchased in the Offering for each 90-day period thereafter in an amount not exceeding more than 20% of the trading volume on the date such sale.

The Offering is expected to close on or about August 28, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes, including the expansion of its operations in the United States.