Brief: Swvl Upsizes Pipe To > $120M With Participation From New Flagship Investors Including EBRD In Connection With Queen's Gambit Business Combination
02/02/2022 18:54
Feb 2 (Reuters) - SWVL INC:
* SWVL UPSIZES PIPE TO > $120M WITH PARTICIPATION FROM NEW
FLAGSHIP INVESTORS INCLUDING EBRD IN CONNECTION WITH QUEEN'S
GAMBIT BUSINESS COMBINATION
* SWVL INC- ENTERED INTO AGREEMENTS FOR ADDITIONAL $21.5
MILLION
OF COMMON STOCK IN PIPE FINANCING WITH NEW INVESTORS INCLUDING
EBRD ALSO PARTICIPATING
* SWVL INC- ADDITIONAL INVESTMENT INCREASES AMOUNT OF
EXPECTED
PIPE PROCEEDS TO $121.5 MILLION
* SWVL INC - NEW INVESTORS ALSO INCLUDE TEKLAS VENTURES
Source text for Eikon: Pn7VDLmra
((Reuters.Briefs@thomsonreuters.com;))
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