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Rectitude agrees to acquire Mr. Butler for 800,000 shares
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Rectitude agrees to acquire Mr. Butler for 800,000 shares
  • Rectitude agreed on October 12, 2026, to acquire 100% of Mr. Butler, expanding into household goods repair and personal services.
  • Acquisition consideration comprises 800,000 new Class A ordinary shares valued contractually at US$ 1 per share, with a partial holdback.
  • Separate agreements signed October 17 cover the transfer of INOS and G & L customer relationships, contracts and intellectual property.
  • Each seller will receive 500,000 ordinary shares, totaling 1,000,000 shares, at closing scheduled for November 1, 2026, subject to conditions.
  • Shares issued for all three transactions carry one-year lockups.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rectitude Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-114683), on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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