ORKT back in compliance with Nasdaq $1 minimum bid rule
Rhea-AI Filing Summary
Orangekloud Technology Inc. regained compliance with Nasdaq’s minimum bid price rule. Nasdaq notified the company that its Class A ordinary shares closed at $1.00 per share or greater for 10 consecutive business days from September 29 to October 10, 2025, restoring compliance with Listing Rule 5550(a)(2). Nasdaq stated the matter is now closed.
The company had previously received notice on April 11, 2025 of a deficiency based on closing bid prices from February 27 to April 10, 2025, and was granted an 180‑day compliance period through October 8, 2025.
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Insights
Nasdaq bid-price deficiency cured; listing compliance restored.
Orangekloud received confirmation that its Class A shares met the $1.00 minimum bid for 10 consecutive business days, satisfying Nasdaq Listing Rule 5550(a)(2). This closes the prior deficiency notice.
The mechanism is straightforward: sustained closing bids at or above
Subsequent activity will depend on share price performance over time; the filing documents the completed cure with no additional milestones mentioned.