Orangekloud Technology Inc. Regains Compliance with Nasdaq Listing Requirements

Rhea-AI Summary

Orangekloud Technology (NASDAQ: ORKT) announced it has regained compliance with Nasdaq Capital Market listing requirements as of March 3, 2026. The company satisfied the minimum $1.00 bid-price rule under Listing Rule 5550(a)(2), and the previously scheduled March 17, 2026 hearing was cancelled.

The Company confirmed its Class A ordinary shares will remain listed and traded on Nasdaq under the symbol ORKT, and management said it will continue focusing on business initiatives and shareholder value.

Positive

• Regained Nasdaq bid-price compliance as of March 3, 2026
• March 17, 2026 Nasdaq hearing cancelled
• Class A ordinary shares will remain listed under ORKT

Negative

• Previously failed minimum $1.00 bid-price for 30 consecutive business days

Key Figures

Minimum bid price: $1.00 per share Noncompliance duration: 30 consecutive business days Listing Rule 5550(a)(2): Rule 5550(a)(2) +4 more

7 metrics

Minimum bid price $1.00 per share Nasdaq Listing Rule 5550(a)(2) threshold

Noncompliance duration 30 consecutive business days Period shares closed below $1.00 per share

Listing Rule 5550(a)(2) Rule 5550(a)(2) Nasdaq minimum bid price requirement referenced in notices

Listing Rule 5815 Rule 5815 Provides for oral hearing before Nasdaq Hearing Panel

Listing Rule 5550(a)(c) Rule 5550(a)(c) Rule cited in regaining bid price compliance

Hearing date cancelled March 17, 2026 Previously scheduled Nasdaq hearing before Panel

Prior disclosure date February 4, 2026 Date delisting determination was previously disclosed

Market Reality Check

Price: $1.18 Vol: Volume 114,408 vs 20-day ...

low vol

$1.18 Last Close

Volume Volume 114,408 vs 20-day average 740,686 (relative volume 0.15x) shows muted trading ahead of this news. low

Technical Trading below 200-day MA of 1.82 with price at 1.18, and about 71.34% under the 52-week high.

Peers on Argus

ORKT was down 4.84% while momentum data flagged only one peer, HTCR, up 4.17%. W...

1 Up

ORKT was down 4.84% while momentum data flagged only one peer, HTCR, up 4.17%. With no other peers moving in the same direction and no same-day peer news, the move appeared stock-specific rather than sector-driven.

Historical Context

2 past events · Latest: Feb 11 (Neutral)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Feb 11	Reverse merger LOI	Neutral	+15.7%	Non-binding LOI for reverse merger with Orbis and VeVe platform.
Feb 04	Nasdaq delisting notice	Negative	+5.4%	Nasdaq Staff Delisting Determination over minimum bid price deficiency.

Pattern Detected

Recent news saw ORKT rise on both a reverse merger LOI (15.69%) and a delisting notice (5.36%), indicating a tendency for upside even around risk-heavy headlines.

Recent Company History

Over recent months, Orangekloud has been driven by corporate restructuring and listing-status developments. On Feb 11, 2026, shares rose 15.69% after a non-binding LOI for a reverse merger with Orbis and its VeVe marketplace. Earlier, on Feb 4, 2026, the stock gained 5.36% despite a Nasdaq Staff Delisting Determination over the $1.00 bid-price rule. Today’s announcement that ORKT regained compliance with Nasdaq listing requirements fits this ongoing listing-compliance narrative.

Market Pulse Summary

This announcement confirmed that Orangekloud regained full compliance with Nasdaq’s minimum bid pric...

Analysis

This announcement confirmed that Orangekloud regained full compliance with Nasdaq’s minimum bid price rules and avoided a scheduled hearing, allowing Class A shares to continue trading on the Nasdaq Capital Market under ORKT. It followed recent delisting warnings and a proposed reverse merger with Orbis and VeVe. Investors may watch future disclosures on the merger process, ongoing compliance with the $1.00 bid threshold, and any changes to the company’s capital structure or governance.

Key Terms

nasdaq capital market, minimum bid price, listing rule 5550(a)(2), nasdaq hearing panel, +2 more

6 terms

nasdaq capital market regulatory

"The Company’s Class A Ordinary Shares will continue to be listed and traded on The Nasdaq Capital Market..."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

minimum bid price regulatory

"...failing to meet the minimum bid price requirement under Listing Rule 5550(a)(2)."

The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.

listing rule 5550(a)(2) regulatory

"...failing to meet the minimum bid price requirement under Listing Rule 5550(a)(2)."

Listing Rule 5550(a)(2) is a Nasdaq listing standard that sets a minimum share-price requirement for securities to be listed or to remain listed on the Nasdaq Capital Market. It matters to investors because falling below that minimum can trigger delisting reviews or increased volatility, much like a safety bar on a ride — if a stock can’t meet the height requirement, it risks being removed from the exchange, which can reduce liquidity and access for buyers and sellers.

nasdaq hearing panel regulatory

"...requesting an oral hearing before the Nasdaq Hearing Panel (the “Panel”)..."

A Nasdaq hearing panel is a group of independent reviewers who decide whether a publicly listed company has broken the exchange’s rules and what penalties, if any, should apply. Think of it like a neighborhood committee that reviews complaints and can impose fines, require fixes, or remove a member; for investors, the panel’s rulings can affect whether a stock keeps trading, faces suspension, or suffers reputational and price impact.

nasdaq listing qualifications regulatory

"the Nasdaq Listing Qualifications staff have since advised the Hearings Department..."

Nasdaq listing qualifications are the set of financial, governance and market standards a company must meet to have its shares traded on the Nasdaq stock exchange, such as minimum revenue or assets, share price and number of public shareholders, and board or reporting rules. Think of it like meeting entrance requirements for a club: meeting them signals a basic level of size, transparency and trading liquidity that helps investors judge risk, access shares more easily and rely on audited disclosures.

bid price requirement regulatory

"...regained compliance with the bid price requirement under Listing Rule 5550(a)(c)..."

A bid price requirement is a rule that specifies the minimum price a buyer must offer per share when making an official purchase proposal, tender offer, auction bid, or similar transaction. It matters to investors because it sets a floor for negotiations and valuation—like a reserve price in an auction—ensuring bids meet regulatory, contract or market standards and helping shareholders and markets judge whether an offer is fair or likely to succeed.

AI-generated analysis. Not financial advice.

Singapore, March 03, 2026 (GLOBE NEWSWIRE) -- Orangekloud Technology Inc. (NASDAQ: ORKT) (“Orangekloud” or the “Company”), a Singapore-based technology company offering the eMOBIQ® No-Code platform for development of mobile applications, today announced that it has regained compliance with the Nasdaq Capital Markets Listing Requirements.

As previously disclosed on February 4, 2026, the Company received a Staff Delisting Determinations Letter indicating that the Company’s securities had closed below $1.00 per share for 30 consecutive business days, failing to meet the minimum bid price requirement under Listing Rule 5550(a)(2). At that time, the Company stated its intention to appeal the Staff Determination by requesting an oral hearing before the Nasdaq Hearing Panel (the “Panel”) pursuant to Listing Rule 5815.

The Company is pleased to announce that the Nasdaq Listing Qualifications staff have since advised the Hearings Department that the Company has regained compliance with the bid price requirement under Listing Rule 5550(a)(c) and is now in full compliance with the Nasdaq Capital Markets listing requirement. As a result, the hearing before the Panel previously scheduled for March 17, 2026, has been cancelled. The Company’s Class A Ordinary Shares will continue to be listed and traded on The Nasdaq Capital Market under the symbol “ORKT.”

“We are pleased to have resolved this matter and regained full compliance with Nasdaq’s listing standards,” said Alex Goh, CEO of Orangekloud Technology. “This outcome reflects the confidence our shareholders and the market have in our long-term vision. We remain focused on advancing our business initiatives and delivering value to our shareholders.”

About Orangekloud Technology Inc.
Orangekloud Technology Inc. (NASDAQ: ORKT) is a Singapore-based technology company which offers the eMOBIQ® No-Code platform to develop mobile applications specially designed for Small and Medium Enterprises (SMEs) and corporations. A suite of eMOBIQ® mobile applications designed to digitalize and streamline operations in warehousing, sales ordering, delivery, manufacturing, and other key areas. The industry sectors focused on include Food Services & Manufacturing, Precision Engineering, Construction, etc.

FORWARD-LOOKING STATEMENTS 
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and OrangeKloud Technology Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

OrangeKloud Technology Inc. IR Contact:
Steven Chu, COO and IR Officer
70 Bendemeer Road #04-04 Luzerne
Singapore 339940
(+65) 6317 2050
Email: ir@orangekloud.com

Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com

FAQ

How did Orangekloud (ORKT) regain Nasdaq compliance on March 3, 2026?

The company satisfied the minimum $1.00 bid-price requirement, restoring compliance. According to the company, Nasdaq Listing Qualifications staff advised the Hearings Department that the company meets Listing Rule 5550(a)(2), removing the basis for the planned hearing.

Will the cancelled March 17, 2026 Nasdaq hearing affect ORKT trading?

No—trading will continue uninterrupted on Nasdaq under ORKT. According to the company, the hearing was cancelled because Nasdaq staff confirmed the company regained bid-price compliance, so listing and trading remain in force.

What prompted Orangekloud (ORKT) to receive a Staff Delisting Determination in February 2026?

The company’s securities had closed below $1.00 per share for 30 consecutive business days. According to the company, that shortfall triggered the Staff Delisting Determination under Nasdaq Listing Rule 5550(a)(2).

Does Orangekloud’s regained compliance change its investor outlook for ORKT?

Regained compliance preserves the company’s Nasdaq listing and investor access to shares. According to the company, management views the outcome as reflecting shareholder confidence and will continue advancing business initiatives.

Are Orangekloud’s Class A ordinary shares still listed under the symbol ORKT?

Yes, the shares remain listed and traded on The Nasdaq Capital Market under ORKT. According to the company, Nasdaq staff confirmed compliance and the company’s listing status continues without interruption.