Nasdaq Moves to Delist Orangekloud Technology Over Minimum Bid Price Rule Violation

Reuters02-03

Nasdaq Moves to Delist Orangekloud Technology Over Minimum Bid Price Rule Violation

Orangekloud Technology Inc. is facing potential delisting from the Nasdaq Capital Market after receiving a Staff Delisting Determination due to non-compliance with the Minimum Bid Price Rule, which requires a minimum share price of $1.00. The company is not eligible for a 180-day grace period to regain compliance because it had previously addressed a similar deficiency with a reverse stock split within the past twelve months. Orangekloud plans to appeal the determination and submit a compliance plan to the Nasdaq Hearings Panel. Trading of its securities will continue under the symbol "ORKT" pending the outcome of the appeal. There is no assurance that the appeal or compliance plan will be successful.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orangekloud Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-004706), on February 02, 2026, and is solely responsible for the information contained therein.

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The company is not eligible for a 180-day grace period to regain compliance because it had previously addressed a similar deficiency with a reverse stock split within the past twelve months. Orangekloud plans to appeal the determination and submit a compliance plan to the Nasdaq Hearings Panel. Trading of its securities will continue under the symbol \"ORKT\" pending the outcome of the appeal. There is no assurance that the appeal or compliance plan will be successful.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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