Reitar Logtech shares surge 33.69% premarket after announcing $60M equity investment to fund logistics acquisition.

Reitar Logtech surged 33.69% in premarket trading following the announcement of a definitive $60 million strategic equity investment agreement with Equator Capital. The transaction involves the issuance of up to 15 million shares at $4.00 per share, superseding a prior non-binding memorandum of understanding. The company plans to allocate 92% of proceeds to a consortium acquiring a global logistics firm with operations in Southeast Asia, Europe, and China, positioning Reitar for expansion. The investment, priced above recent market levels, signals strong investor confidence in the firm’s growth strategy and aligns with its focus on scaling logistics technology capabilities. The agreement’s execution marks a key milestone, reinforcing expectations of long-term value creation through strategic acquisitions and operational diversification.