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Rectitude Celebrates Completion of Initial Public Offering

Rectitude Celebrates Completion of Initial Public Offering

SINGAPORE, July 11, 2024 (GLOBE NEWSWIRE) — Rectitude Holdings Ltd. (Nasdaq: RECT; the “Company” or “Rectitude”), a Singapore-based provider of security equipment and related industrial products, today announced that its management team attended the Nasdaq Bell Ringing Ceremony at Capella Singapore. The ceremony was attended by Nasdaq’s Chief Investor Relations and IPO Officer for ASEAN, Hiren Krishnani. The Bell Ringing Ceremony underscores the Company’s successful Initial Public Offering and listing on Nasdaq. The Company commenced trading on Nasdaq on June 21, 2024 under the ticker symbol “RECT.”

“This bell ringing ceremony marks a historic moment for all of us at Rectitude as we celebrate our successful listing on Nasdaq, one of the world’s leading stock markets,” said Jian Zhang, President, CEO and Executive Director of Rectitude. “This is the result of years of effort and dedication from our entire team to grow the company. We now look forward to our next chapter and how we will deliver long-term value to our shareholders and continue to strengthen our position as a leading provider of security and industrial solutions in Singapore and across Southeast Asia.”

A replay of the ceremony will be available on the Company’s website at:

About righteousness

Founded in 1997 in Singapore, Rectitude is primarily engaged in the supply of safety equipment, including essential items such as protective clothing, gloves, safety footwear, personal fall protection systems, portable fire extinguishers and traffic products. The company also offers ancillary products such as industrial equipment tools and electrical equipment required on construction sites. Rectitude products and solutions are sold through a wide range of distributors and end markets, both in Singapore and increasingly throughout the Southeast Asian region, including Brunei, Cambodia, Malaysia, Indonesia and Vietnam.

More information can be found on the Company’s website:

Forward-looking statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections regarding future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “anticipates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or publicly revise any forward-looking statements to reflect subsequent events or circumstances or changes in its expectations, except as required by law. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. The Company cautions investors that actual results may differ materially from those projected and encourages investors to review other factors that could affect future results included in the Company’s registration statement and other documents filed with the U.S. Securities and Exchange Commission.

For investor or media inquiries, please contact:

Righteousness
Investor Relations
Email: [email protected]

Jackson Lin
Lambert Global
Phone: +1 (646) 717-4593
Email address: [email protected]

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