RedCloud Receives Expected Nasdaq Staff Delisting Determination and Files Appeal to Preserve Listing Pending Panel Hearing
RedCloud Holdings received a Nasdaq Staff Delisting Determination on October 13, 2026 for non-compliance with the $1.00 minimum bid price rule. The company has appealed to the Nasdaq Hearings Panel, which stays delisting pending the hearing; shares continue trading as RCT in the interim. It is not eligible for a second 180-day compliance period because it lacks the required stockholders' equity.
Key figures
- Brands
- 6,700
- Customers
- 100,000+
- Minimum bid price
- $1.00
- General meeting date
- 2026-10-30
- Fmcg transactions processed
- $8.4 billion
- Share consolidation expected
- on or about November 13, 2026
AI analysis
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