Reitar Logtech signs MOU for proposed equity investment up to $60M

Reitar Logtech (RITR)entered into a non-binding Memorandum of Understanding with Equator Capital Management SPC. The MOU outlines the principal terms of a proposed strategic equity investment of up to $60,000,000 in the Company by the Investor, through the subscription of newly issued ordinary shares of the Company at a price of $4.00 per share. The completion of the Proposed Transaction is subject to the negotiation and execution of definitive transaction documents and the satisfaction of certain conditions precedent. The proceeds of the proposed investment are intended to primarily fund the Company’s participation in a consortium to acquire a controlling equity interest in a leading international logistics company with a significant presence in Southeast Asia, Europe, and the PRC. The Company is partnering in this consortium with a leading industrial private equity firm focused on the logistics technology sector, with Assets Under Management of several billion US dollars.