Maples Group Advises Swvl Holdings on US$4.7 Million Private Placement Priced At-the-Market
Maples and Calder, the Maples Group’s law firm, is pleased to have provided corporate advice to long-standing client Swvl Holdings Corp (“Swvl” or “The Company”) (Nasdaq: SWVL) in relation to its purchase of US$4.7 million of ordinary shares in a private placement. The transaction priced on 15 November 2024 at US$4.79 per share.
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Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments. Swvl’s technology enhances transit system efficiency to deliver safer, more reliable and sustainable transportation solutions.
Chris Newton, Maples Group’s BVI Managing Partner, was assisted by Associate Chloe Harris in providing legal advice on the transaction. Sullivan & Worcester LLP provided onshore counsel to Swvl.
Maples and Calder has acted for the Swvl Group since its inception, including on its business combination with Queen’s Gambit Growth Capital, a Cayman Islands SPAC, which resulted in the public listing of the shares in Swvl in 2021.