Rectitude Holdings Ltd filed a Form 6-K with the SEC on November 2, 2026, disclosing three separate acquisition agreements entered into by its Singapore subsidiary, Rectitude Pte. Ltd., in October 2026.

Key Highlights

  • Share purchase agreement signed: Rectitude Pte. Ltd. agreed on October 12, 2026, to acquire all issued shares of MR.BUTLER PTE. LTD., whose business comprises personal service activities and the repair of household goods.
  • Butler Acquisition consideration: 800,000 new Class A ordinary shares of the Company at an agreed contractual issue value of US$1.00 per share, representing an aggregate agreed consideration value of US$800,000, subject to adjustments.
  • Holdback and lock-up terms: A portion of the Butler consideration shares will remain unissued as a contractual holdback, with the remainder generally issuable within ten business days after the date falling six months after completion; all issued shares carry a one-year lock-up.
  • Two business migration agreements executed: On October 17, 2026, separate agreements were signed with G & L Hardware Marketing Pte. Ltd. and INOS Pte. Ltd. to transfer specified customer relationships, contracts, intellectual property, and related data to Rectitude Singapore.
  • Business migration consideration: 500,000 ordinary shares, par value US$0.001 each, to each seller at closing, for an aggregate of 1,000,000 ordinary shares across both agreements, also subject to a one-year lock-up.
  • Termination deadlines: All three agreements provide for termination rights if applicable conditions have not been satisfied or validly waived by November 30, 2026.

Three Singapore Transactions Expand Rectitude's Operating Scope

According to the filing, Rectitude Holdings Ltd (NASDAQ:RECT), a foreign private issuer headquartered at 35 Tampines Industrial Avenue 5, Singapore, disclosed through its subsidiary Rectitude Pte. Ltd. that it entered into a share purchase agreement on October 12, 2026, to acquire 100% of MR.BUTLER PTE. LTD. Mr. Butler's business, as described in the filing, comprises personal service activities and the repair of household goods. Upon completion, Mr. Butler would become a wholly owned subsidiary of Rectitude Singapore. The Company reported that completion is conditional on satisfactory due diligence, required approvals and material contractual consents, release of specified encumbrances, accuracy of the Sellers' warranties, performance of material obligations, and the absence of a material adverse change.

The filing also disclosed that on October 17, 2026, the Company and Rectitude Singapore entered into separate business migration agreements with G & L Hardware Marketing Pte. Ltd. and INOS Pte. Ltd. Each agreement, according to the filing, provides for the transfer of specified customer relationships and customer contracts, together with related intellectual property and lawfully transferable customer data and rights. The transferred intellectual property is described as including trade names, trademarks, domains, websites, software, customer lists, know-how, and associated goodwill. Each seller is required to provide reasonable transition assistance for 90 days following closing, the filing states. Closing of each business migration was scheduled for November 1, 2026, or another agreed date in writing.

The filing notes that the number of shares issued as consideration under the business migration agreements "does not constitute a representation as to the shares' market value, the value of the migrated business or the value attributable to the transaction for accounting purposes." No registration rights are granted under any of the three agreements unless separately agreed. The filing was signed by Zhang Jian, Chairman of the Board of Directors and Chief Executive Officer, on November 2, 2026.

What Was Disclosed

Rectitude Holdings Ltd disclosed three acquisition-related agreements entered into by its Singapore subsidiary in October 2026: a share purchase agreement for MR.BUTLER PTE. LTD. valued at US$800,000 in Company shares, and two business migration agreements with G & L and INOS involving an aggregate of 1,000,000 ordinary shares.