Rectitude Holdings $32M Bitcoin Facility Expired Without Any Purchases

Rectitude Holdings' $32.625M financing for Bitcoin acquisitions expired without execution. Annual reports confirm zero digital asset holdings and no cash proceeds from the facility.

Woofun AI reports that Rectitude Holdings' $32.625 million financing facility, designated primarily for Bitcoin acquisitions, has expired without any transactions executed. The Singapore-based safety equipment supplier's annual report, filed on July 30, confirms that the facility yielded neither shares nor cash proceeds.

The financial statements indicate no Bitcoin or other digital assets on the balance sheet, alongside an absence of purchase-related cash flows. The unchanged equity figures further verify that the settled advance mechanism, which would have exchanged newly issued shares for cash, was never triggered.