RedCloud Holdings Plc Receives Notice Regarding Minimum Bid Price Requirement
London, UK, April 17, 2026 (GLOBE NEWSWIRE) — RedCloud Holdings plc (Nasdaq: RCT) (“RedCloud” or the “Firm”), immediately disclosed that on April 15, 2026, it obtained formal notification from Nasdaq indicating that, primarily based on the closing bid value of the Firm’s atypical shares for the final 30 consecutive enterprise days, the Firm is now not in compliance with Nasdaq Itemizing Rule 5550(a)(2), which requires listed firms to keep up a minimal bid value of a minimum of $1 per share.
Nasdaq Itemizing Rule 5810(c)(3)(A) offers a compliance interval of 180 calendar days, or till October 12, 2026, during which to regain compliance with the minimal bid value requirement. If the Firm evidences a closing bid value of a minimum of $1 per share for at least 10 consecutive enterprise days through the 180-day compliance interval, the Firm will mechanically regain compliance. Within the occasion the Firm doesn’t regain compliance with the $1 bid value requirement by October 12, 2026, the Firm could also be eligible for consideration of a second 180-day compliance interval if it meets the continued itemizing requirement for market worth of publicly held shares and all different preliminary itemizing requirements for Nasdaq’s Capital Market, apart from the minimal bid value requirement. As well as, the Firm would even be required to inform Nasdaq of its intent to treatment the minimal bid value deficiency.
If the Firm fails to regain compliance with the Nasdaq continued itemizing requirements, Nasdaq will present discover that the Firm’s widespread inventory will probably be topic to delisting.
The Firm would then be entitled to attraction that dedication to a Nasdaq hearings panel.
The notification has no speedy impact on the itemizing of the Firm’s atypical shares on Nasdaq. The Firm is actively pursuing its industrial technique, together with the announcement of its three way partnership operations, and is concentrated on regaining compliance inside the 180-day interval.
About RedCloud Holdings plc
RedCloud’s mission is to construct the intelligence infrastructure of worldwide commerce, by means of era and aggregation of proprietary buying and selling and market knowledge from throughout the FMCG trade by means of its RedAI platform (“RedAI”). RedCloud offers market intelligence primarily based on proprietary buying and selling knowledge throughout classes in every of its markets. The Firm additionally delivers a ‘buying and selling layer’ of merchandise to be used by its clients, to allow clever digital change of on a regular basis client provides of FMCG merchandise throughout enterprise provide chains, supported by a funds and lending ecosystem meant to streamline commerce. RedCloud believes its Platform and related services remedy a decades-old drawback of tips on how to digitize commerce at scale to generate knowledge and intelligence to allow manufacturers, distributors and retailers to maximise enterprise efficiency throughout classes in excessive development client markets.
RedCloud is a British firm registered in London, co-founded by Justin Floyd and Soumaya Hamzaoui. For extra details about RedCloud and its Platform, please go to http://www.redcloudtechnology.com and join on LinkedIn.
Ahead-Trying Statements
The knowledge on this press launch could embody forward-looking statements inside the that means of the federal securities legal guidelines. These statements usually relate to future occasions or our future monetary or working efficiency. When used on this press launch, phrases similar to “count on,” “mission,” “estimate,” “consider,” “anticipate,” “intend,” “plan,” “search,” “forecast,” “goal,” “predict,” “could,” “ought to,” “would,” “might,” and “will,” the unfavorable of those phrases and comparable expressions are meant to determine forward-looking statements, though not all forward-looking statements include such figuring out phrases. Ahead-looking statements are primarily based on administration’s present expectations and assumptions, and are topic to inherent uncertainties, dangers and modifications in circumstances which can be troublesome to foretell, together with its capability to regain compliance with the minimal bid value itemizing requirement supplied below Nasdaq Itemizing Rule 5550(a)(2). In consequence, precise outcomes might differ materially from these indicated in these forward-looking statements. When contemplating these forward-looking statements, it is best to consider the chance components and different cautionary statements in RedCloud’s described in “Cautionary Word Concerning Ahead-Trying Statements,” “Merchandise 3. Key Info – D. Danger Components” and “Merchandise 5. Working and Monetary Evaluate and Prospects” in RedCloud’s Annual Report on Kind 20-F for the yr ended December 31, 2024, which was filed with the Securities and Change Fee (the “SEC”) on Might 16, 2025, in addition to different paperwork filed by the Firm with the SEC. RedCloud undertakes no obligation and doesn’t intend to replace these forward-looking statements to mirror occasions or circumstances occurring after this press launch. You might be cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. Info contained on, or that may be accessed by means of, the Firm’s web site or some other web site or any social media is expressly not integrated by reference into and isn’t part of this press launch.
Contacts:
Investor Relations
Investor.relations@redcloudtechnology.com
Media Relations
media@redcloudtechnology.com
