RedCloud Holdings plc (RCT) Form 424B3 — Oct 16, 2026
RedCloud Holdings plc filed a prospectus supplement registering up to 10,000,000 ordinary shares issuable upon conversion of two Senior Convertible Notes dated February 27, 2026, held by 3i, LP and Alto Opportunity Master Fund, SPC — 5,000,000 shares each. The supplement incorporates a 6-K disclosing that Nasdaq issued a Staff Delisting Determination on October 13, 2026 after RedCloud failed to regain compliance with the $1.00 minimum bid price rule, and the company is ineligible for a second 180-day period because it lacks required stockholders' equity.
Key figures
- Offering Price
- $0.089 (last reported sale price, Oct 15, 2026)
- Shares Offered
- 10000000
- Brands
- 6,700
- Customers
- 100,000+
- Appeal deadline
- 2026-10-20
- General meeting date
- 2026-10-30
- Conversion shares alto
- 5000000
- Conversion shares 3i lp
- 5000000
- Minimum bid requirement
- $1.00
- Delisting effective date
- 2026-10-22
- Fmcg transactions processed
- $8.4 billion
- Share consolidation expected
- on or about November 13, 2026
AI analysis
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