RedCloud Holdings plc (RCT) Form 424B3 — Oct 16, 2026
RedCloud Holdings plc (Nasdaq: RCT) received a Nasdaq Staff Delisting Determination on October 13, 2026 after failing to regain compliance with the $1.00 minimum bid price rule, and was denied a second 180-day period because it lacks the stockholders' equity to meet initial listing standards. The company appealed by requesting an oral hearing before the Nasdaq Hearings Panel, which stays the delisting (scheduled for October 22, 2026) while shares continue trading. RedCloud plans to submit a compliance plan anchored on a share consolidation (reverse split) to be voted on at a General Meeting on October 30, 2026.
Key figures
- Offering Price
- 0.089
- Shares Offered
- 50000000
- Brands
- 6,700
- Customers
- more than 100,000
- Shares via amiens
- 25000000
- Compliance deadline
- October 12, 2026
- General meeting date
- October 30, 2026
- Shares via tumim stone
- 25000000
- Delisting effective date
- October 22, 2026 (stayed pending Panel hearing)
- Fmcg transactions processed
- $8.4 billion (early 2023 to June 2026)
- Expected share consolidation date
- on or about November 13, 2026
AI analysis
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