Byland's RedCloud Stake Hits 68.81% After 30M-Share Debt-for-Equity Swap
RCT sits 16% above its 52-week low of $0.051 on elevated volume (22× avg).
Summary
RedCloud shareholder Christina Byland acquired 30 million shares at $0.25 — $7.5 million settled by offsetting company debt owed to her — lifting her beneficial ownership to 68.81% of the 85.96 million shares outstanding.
Key Events · Ownership and Investor Activity · RCT
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Byland Takes 30M Shares for Debt
Christina Byland was issued 30,000,000 ordinary shares at $0.25 for a $7,500,000 aggregate subscription price in the private placement consummated October 28, 2026.
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Consideration Was Liability Offset
The $7.5 million was paid by offsetting financial liabilities RedCloud owed Byland — no new cash came into the company.
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Stake Reaches 68.81%
Beneficial ownership is 59,146,907 shares, or 68.81% of 85,956,495 shares outstanding as of October 27, 2026, with sole voting and dispositive power.
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Warrant Shares Excluded
9,200,000 shares issuable on warrant exercise are excluded from the reported total because they are not currently exercisable under beneficial ownership limits.
Analysis · RCT · Trade & Services
Christina Byland, a retired Swiss shareholder, took 30 million ordinary shares at $0.25 apiece — $7.5 million of stock — and paid for it not with cash but by cancelling debt RedCloud owed her. That converts a liability into equity, which helps the balance sheet, but it also concentrates nearly 69% of the company in one holder's hands. The filing lands the same day Nasdaq moved to delist RedCloud over the $1.00 bid price and its equity shortfall, so the debt cleanup is a step toward rebuilding equity while the listing fight is unresolved. Note the $0.25 subscription price is roughly four times today's $0.0587 quote, reflecting the terms struck in the placement rather than current trading.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 38.5% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RCT was trading at $0.06 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4.7M. The 52-week trading range was $0.05 to $2.34. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.