Swvl Secures $4.7 Million for U.S. Expansion

Swvl (SWVL) has released an update.

Swvl Holdings Corp, a key player in technology-driven mobility solutions, has announced a $4.7 million private placement deal, with shares priced at market value under Nasdaq rules. This strategic move aims to bolster its expansion efforts in high-value markets, notably in the United States. The transaction involves a lock-up agreement for the securities, indicating strong investor confidence in Swvl’s growth trajectory.

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