RedCloud Holdings Plc Repeats Previously Disclosed Nasdaq Notification Regarding Market Value of Listed Securities Requirement
Rhea-AI Summary
RedCloud Holdings (Nasdaq: RCT) reported that it received a Nasdaq Listing Qualifications notification on August 10, 2026, stating the Company is not in compliance with the minimum $35,000,000 market value of listed securities (MVLS) required under Listing Rule 5550(b)(2) after more than 30 consecutive business days below that threshold.
The Company has a 180‑day compliance period through February 8, 2027, during which its market value must be at least $35,000,000 for 10 consecutive business days to regain compliance. RedCloud’s ordinary shares currently continue to trade normally on the Nasdaq Capital Market under the symbol RCT. Failure to regain compliance may result in a delisting notice, which the Company would be able to appeal.
Positive
- Shares continue trading on Nasdaq Capital Market despite MVLS deficiency notice
- 180-day cure period to February 8, 2027 to regain $35M MVLS compliance
- Appeal right if Nasdaq issues a future delisting determination
Negative
- Non-compliance with $35,000,000 MVLS requirement after 30+ consecutive business days below threshold
- Risk of Nasdaq delisting if compliance not regained within 180-day period
- No assurance of regaining compliance despite Company stating it will make best efforts
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 17 | Argentina agreement | Positive | +0.5% | Three-year agreement forecast revenue and FMCG trading activity through RedAI. |
| Aug 12 | India deployment MOUs | Positive | -4.0% | Non-binding MOUs targeted apparel distribution deployments across brands, SKUs and buyer points. |
| Aug 06 | AI industry letter | Positive | +4.0% | Company co-signed an open-weight AI letter with major technology companies. |
| Jul 28 | CFO appointment | Positive | -6.5% | David Sturgeon was appointed chief financial officer effective August 1, 2026. |
| Jul 13 | CORE technology launch | Positive | +3.3% | Company unveiled CORE as a trade-execution engine within its RedAI infrastructure. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive announcements produced three aligned gains and two divergent declines, indicating mixed historical news alignment.
Key Terms
form 6-k regulatory
market value of listed securities regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
This announcement repeats information previously disclosed by the Company on Form 6-K filed with the Securities and Exchange Commission on August 10, 2026. There is no immediate impact on the listing of the Company’s ordinary shares as a result of the Notification Letter, and the Company’s ordinary shares currently continue to trade in the normal manner on the Nasdaq Capital Market under the symbol “RCT”.
London, UK, Aug. 20, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (the “Company” or “RedCloud”) (Nasdaq: RCT) received written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on August 10, 2026, the details of which are described below. The Company previously disclosed receipt of the Notification Letter in a Report of Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on August 10, 2026.
On August 10, 2026, RedCloud received written notification (the “Notification Letter”) from Nasdaq that the Company is not in compliance with the minimum market value of listed securities set forth in Nasdaq’s rules for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(2) requires primary securities listed on the Nasdaq Capital Market to maintain a minimum market value of listed securities of
In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a cure period of 180 calendar days, or until February 8, 2027 (the “Compliance Period”), to regain compliance with the MVLS Requirement. To regain compliance, the market value of the Company’s listed securities must meet or exceed
The Company will make its best efforts to regain compliance with the MVLS Requirement prior to the expiration of the Compliance Period. However, there can be no assurance that the Company will succeed in doing so.
About RedCloud Holdings plc
RedCloud’s mission is to build the intelligence infrastructure of global trade, through generation and aggregation of proprietary trading and market data from across the FMCG industry through its RedAI infrastructure and associated products (“RedAI”). RedCloud provides market intelligence based on proprietary trading data across categories in each of its markets. The Company also delivers a trading infrastructure and related products for use by its customers, to enable intelligent digital exchange of everyday consumer supplies of FMCG products across business supply chains, supported by a payments and lending ecosystem intended to streamline trade.
RedCloud is a British company registered in London, co-founded by serial entrepreneur Justin Floyd and Soumaya Hamzaoui. For more information, please visit www.redcloudtechnology.com and connect on LinkedIn.
Forward-Looking Statements
The information in this press release may include forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance. Words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, including, but not limited to, the Company’s ability to regain compliance with Nasdaq’s rules for continued listing, the concomitant risk that the Company’s shares may be delisted by Nasdaq, market and business conditions. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements described in “Cautionary Note Regarding Forward-Looking Statements,” “Item 3. Key Information – D. Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in RedCloud’s most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission, as well as the Company’s periodic reports and other filings with the SEC. RedCloud undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.
Contacts
Investor Relations
Investor.relations@redcloudtechnology.com
Media Relations
media@redcloudtechnology.com
