Rectitude holdings announces $32.6 million standby equity purchase agreement to launch a bitcoin treasury strategy

Singapore, sept. 08, 2025 (globe newswire) -- rectitude holdings ltd. (nasdaq: rect; the “company” or “rectitude”), a singapore-based provider of safety equipment and related industrial products, today announced that it is initiating a bitcoin treasury strategy via entering into a standby equity purchase agreement (the “sepa”) with constantinople limited, a british virgin islands company led by tian jia, an experienced bitcoin investor, as lead investor, and chen zhiqiang, former co-founder and cto of tron, the world largest public blockchain for stablecoin applications (together, the “investors”). subject to certain customary conditions, the sepa grants the company the option, at its sole discretion, to issue up to $32,625,000 (the “commitment amount”) of its ordinary shares to investors following the execution date of the sepa and following the effectiveness of a registration statement on form f-1 filed with the securities and exchange commission registering the ordinary shares issuable pursuant to the sepa.
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