Ridgetech launches at-the-market offering of up to $184.7M ordinary shares at $1.23

Filed July 29, 2026 · ~1 min read

Key Changes

• high

  Ridgetech may sell up to $184.7M of ordinary shares in an at-the-market offering, with net proceeds to the company of up to $177.8M.

  The Offering verify on EDGAR →
• high

  The offering could add up to 150.2M shares, increasing shares outstanding from 3.6M to as many as 153.8M, heavily diluting existing holders.

  The Offering verify on EDGAR →
• medium

  Net proceeds are intended for working capital and general corporate purposes, with possible acquisitions, joint ventures, or strategic transactions.

  Use of Proceeds verify on EDGAR →