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    SEC Form S-8 filed by Ryde Group Ltd.

    2/13/25 1:58:37 PM ET
    $RYDE
    Business Services
    Consumer Discretionary
    Get the next $RYDE alert in real time by email
    S-8 1 forms-8.htm

     

    As filed with the Securities and Exchange Commission on February 13, 2025

     

    Registration No. 333-

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

     

    FORM S-8

     

    REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

     

    Ryde Group Ltd

    (Exact name of registrant as specified in its charter)

     

     

     

    Cayman Islands   Not Applicable

    (State or other jurisdiction of

    incorporation or organization)

     

    (I.R.S. Employer

    Identification Number)

     

    Duo Tower, 3 Fraser Street, #08-21

    Singapore 189352

    +65-9665-3216

    (Address of Principal Executive Offices)

     

     

     

    Second Amended and Restated 2023 Share Incentive Plan

    (Full title of the plan)

     

     

     

    Puglisi & Associates

    850 Library Avenue, Suite 204

    Newark, Delaware 19711

    (302) 738-6680

     

    (Name, address, including zip code, and telephone number, including area code, of agent for service)

     

     

     

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

     

    Large accelerated filer ☐ Accelerated filer ☐
    Non-accelerated filer ☒ Smaller reporting company ☐
      Emerging growth company ☒

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

     

     

     

     
     

     

    EXPLANATORY NOTE

     

    Pursuant to General Instruction E of Form S-8, Ryde Group Ltd (the “Registrant”) is filing this Registration Statement with the Securities and Exchange Commission (the “Commission”) to register 2,992,381 additional Class A ordinary shares (“Class A Ordinary Shares”) of the Registrant reserved for issuance under the Registrant’s Second Amended and Restated 2023 Share Incentive Plan, as may be amended from time to time (the “Plan”), to increase the number of Class A Ordinary Shares available for grant under the Plan. This Registration Statement hereby incorporates by reference the contents of the Registrant’s registration statements on Form S-8 filed with the Commission on April 22, 2024 (File No. 333-278873).

     

    2
     

     

    PART I

     

    INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

     

    Item 1. Plan Information*

     

    Item 2. Registrant Information and Employee Plan Annual Information*

     

    * Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this registration statement in accordance with Rule 428 under the Securities Act and the Note to Part I of Form S-8. The documents containing information specified in this Part I will be separately provided to the participants covered by the Plans, as specified by Rule 428(b)(1) under the Securities Act.

     

    3
     

     

    PART II

     

    INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

     

    Item 3. Incorporation of Documents by Reference

     

    The following documents previously filed by Ryde Group Ltd (the “Registrant”) with the Securities and Exchange Commission (the “Commission”) are incorporated by reference herein:

     

    (a) The Registrant’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023 filed with the Commission pursuant to Section 13 or 15(d) of the US Securities Exchange Act, on April 29, 2024 (File No. 001-41950);
       
    (b) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act by the Registrant, including the Registrant’s reports on Form 6-K, filed with the Commission on June 7, 2024, June 21, 2024, September 27, 2024, October 10, 2024, October 23, 2024, and November 8, 2024;
       
    (c) The Registrant’s registration statement on Form S-8 (File No.: 333-278873) filed with the Commission on April 22, 2024; and
       
    (d) The description of the Registrant’s securities incorporated by reference in the Registrant’s registration statement on Form 8-A filed with the Commission on February 5, 2024, including any amendment and report subsequently filed for the purpose of updating that description.

     

    All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this registration statement and prior to the filing of a post-effective amendment to this registration statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be part hereof from the date of filing of such documents. Any statement in a document incorporated or deemed to be incorporated by reference in this registration statement will be deemed to be modified or superseded to the extent that a statement contained in this registration statement or in any other later filed document that also is or is deemed to be incorporated by reference modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as so modified or superseded, to be a part of this registration statement.

     

    Item 4. Description of Securities

     

    Not applicable.

     

    Item 5. Interests of Named Experts and Counsel

     

    Not applicable.

     

    Item 6. Indemnification of Directors and Officers

     

    As advised by Harney Westwood & Riegels Singapore LLP, Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. The Registrant’s third amended and restated memorandum and articles of association as currently in effect provides that that the Registrant shall indemnify its officers and directors against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by such directors or officer, other than by reason of such person’s dishonesty, willful default or fraud, in or about the conduct of the Registrant’s business or affairs (including as a result of any mistake of judgment) or in the execution or discharge of his duties, powers, authorities or discretions, including, without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such director or officer in defending (whether successfully or otherwise) any civil proceedings concerning the Registrant or its affairs in any court whether in the Cayman Islands or elsewhere.

     

    II-1
     

     

    Pursuant to the indemnification agreement, the form of which was filed as Exhibit 10.2 to the Registrant’s registration statement on Form F-1, as amended (File No. 333- 274283), the Registrant has agreed to indemnify its directors against certain liabilities and expenses that they incur in connection with claims made by reason of their being a director of the Registrant.

     

    Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

     

    Item 7. Exemption from Registration Claimed

     

    Not applicable.

     

    Item 8. Exhibits

     

    See the Index to Exhibits attached hereto.

     

    Item 9. Undertakings

     

    (a) The undersigned Registrant hereby undertakes:

     

    (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

     

    (i) to include any prospectus required by Section 10(a)(3) of the Securities Act;

     

    (ii) to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement; and

     

    (iii) to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to that information in the registration statement;

     

    provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement;

     

    (2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

     

    (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

     

    (b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

     

    (c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

     

    II-2
     

     

    EXHIBIT INDEX

     

    Exhibit

    Number

      Description
    4.1   Third Amended and Restated Memorandum and Articles of Association of the Registrant, as currently in effect (incorporated by reference to Exhibit 3.1 to the Registrant’s registration statement on Form F-1, as amended, initially filed with the Securities and Exchange Commission on August 31, 2023 (File No. 333-274283))
         
    4.2   Registrant’s specimen share certificate for Class A Ordinary Shares (incorporated by reference to Exhibit 4.1 to the Registrant’s registration statement on Form F-1, as amended, initially filed with the Securities and Exchange Commission on August 31, 2023 (File No. 333-274283))
         
    5.1*   Opinion of Harney Westwood & Riegels Singapore LLP regarding the validity of the Class A Ordinary Shares being registered
         
    10.1*   Ryde Group Ltd Second Amended and Restated 2023 Share Incentive Plan
         
    23.1*   Consent of Kreit & Chiu CPA LLP, an independent registered public accounting firm
         
    23.2*   Consent of Harney Westwood & Riegels Singapore LLP (included in Exhibit 5.1)
         
    24.1*   Power of Attorney (included on signature page hereto)
         
    107*   Filing fee table

     

    *   Filed herewith.

     

    II-3
     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Singapore, on February 13, 2025.

     

      Ryde Group Ltd
         
      By: /s/ Zou Junming Terence
      Name: Zou Junming Terence
      Title: Chairman of the Board of Directors and Chief Executive Officer

     

    II-4
     

     

    POWER OF ATTORNEY

     

    KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints each of Zou Junming Terence and Lang Chen Fei with full power to act alone, as his true and lawful attorney-in-fact, with the power of substitution, for and in such person’s name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto each said attorney-in-fact full power and authority to do and perform each and every act and thing requisite and necessary to be done as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that each said attorney-in-fact may lawfully do or cause to be done by virtue hereof.

     

    Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities on February 13, 2025.

     

    Signature   Title
         
    /s/ Zou Junming Terence  

    Chairman of the Board of Directors and

    Chief Executive Officer

    Name: Zou Junming Terence   (Principal Executive Officer)
         

    /s/ Lang Chen Fei

     

    Chief Financial Officer

    Name: Lang Chen Fei

     

    (Principal Financial and Accounting Officer)

         
    /s/ Tan Ting Yong   Non-Executive Director
    Name: Tan Ting Yong    
         
    /s/ Lee Kelvin Soon Sze   Independent Director
    Name: Lee Kelvin Soon Sze    
         
    /s/ Khoo Su Nee Joanne   Independent Director
    Name: Khoo Su Nee Joanne    
         
    /s/ Venkata Subramanian s/o Sreenivasan   Independent Director
    Name: Venkata Subramanian s/o Sreenivasan    

     

    II-5
     

     

    SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES

     

    Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of Ryde Group Ltd has signed this registration statement or amendment thereto in the City of Newark, State of Delaware on February 13, 2025.

     

    Authorized U.S. Representative  
       
    PUGLISI & ASSOCIATES  
       
    By: /s/ Donald J. Puglisi  
    Name: Donald J. Puglisi  
    Title: Authorized Representative  

     

    II-6

     

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