STOCK TITAN

Orangekloud (NASDAQ: ORKT) appeals Nasdaq delisting after bid price breach

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Orangekloud Technology Inc. has received a Nasdaq Staff Delisting Determination because its shares have failed to meet Nasdaq’s Minimum Bid Price Rule, which requires a bid price of at least $1.00 per share for 30 consecutive business days. The company is not eligible for a new 180‑day grace period because it previously cured a similar deficiency with a reverse stock split within the past twelve months.

Orangekloud plans to appeal by requesting an oral hearing before a Nasdaq Hearings Panel. Once this request is filed, delisting and any trading suspension will be stayed while the Panel reviews the case, and the shares are expected to continue trading on the Nasdaq Capital Market under the symbol “ORKT”. The company will submit a written compliance plan and seek a limited-time exception, but there is no assurance the Panel will approve the plan or that the measures will successfully restore compliance.

Positive

  • None.

Negative

  • None.

Insights

Nasdaq delisting process begins for ORKT, with appeal pending.

Orangekloud has triggered Nasdaq’s delisting process after its share price stayed below the $1.00 minimum bid requirement for 30 consecutive business days. Because it used a reverse stock split within the prior twelve months to cure a similar issue, it cannot access a new 180‑day grace period.

The company intends to request an oral hearing before a Nasdaq Hearings Panel under Rule 5815. Filing this request will stay any trading suspension or delisting action while the Panel reviews Orangekloud’s written compliance plan and decides whether to grant a time‑limited exception.

The company explicitly warns there is no assurance the Panel will approve its plan or that any remedial steps will succeed. Until a decision is reached, the shares are expected to continue trading on the Nasdaq Capital Market under the symbol ORKT, and future company filings may detail any actions taken to regain compliance.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February, 2026

 

Commission file number: 001-42189

 

 

 

Orangekloud Technology Inc. 

 

 (Registrant’s Name)

 

70 Bendemeer Road

#04-04 Luzerne

Singapore 339940

+65 6317 2050

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

NASDAQ DELISTING NOTICE AND COMPANY APPEAL

 

On January 29, 2026, OrangeKloud Technology Inc. (the “Company”) received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that Nasdaq has initiated the process of delisting the Company’s securities from the Nasdaq Capital Market as a result of the Company’s non-compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”), which requires primary securities listed on the Nasdaq Capital Market to maintain a minimum bid price of at least $1.00 per share. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if a deficiency under the Listing Rule continues for a period of consecutive 30 consecutive business days. The Company is not eligible for a 180 day grace period under Rule 5810(c)(3)(A), in which to regain compliance, due to the fact that the Company cured a prior failure to comply with the Minimum Bid Price Rule by means of a reverse stock split in the previous twelve months.

 

The Company intends to appeal the Staff Determination by filing a request for oral hearing before the Nasdaq Hearings Panel (the “Panel”) pursuant to Nasdaq Listing Rule 5815. Per Rule 5815(a)(1)(B), this request, once filed, will stay the suspension of trading or delisting of the Company’s securities pending the hearing and the Panel’s decision. In the meantime, the Company’s securities will continue to trade in the normal manner on the Nasdaq Capital Market under the symbol “ORKT.”

 

Per Listing Rule 5815(a)(5), the Company will submit to the Hearings Panel a written plan of compliance, and request that the Panel grant an exception to the listing standards for a limited time period, as permitted by Rule 5815(c)(1)(A). There can be no assurance, however, that the Panel will approve the Company’s plan to regain compliance and/or grant the requested exception, nor can there be any assurance that such plan will be successful if brought into effect.

 

The Company furnishes this report on Form 6-K to satisfy its obligation under Listing Rule 5810(b) to make public disclosure of the subject deficiency and of the Staff Determination within four business days thereof.

 

Forward-Looking Statements

 

This Form 6-K contains forward-looking statements that involve risks and uncertainties. The risks and uncertainties involved include the Company’s ability to regain compliance with Nasdaq’s rules for continued listing, market conditions, and other risks detailed from time to time in the Company’s periodic reports and other filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on forward-looking statements, which are based on the Company’s current expectations and assumptions and speak only as of the date of this Form 6-K. The Company does not intend to revise or update any forward-looking statement in this Form 6-K as a result of new information, future events or otherwise, except as required by law.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  Orangekloud Technology Inc.
   
Date: February 2, 2026 By:  /s/ Goh Kian Hwa
    Goh Kian Hwa
    Chief Executive Officer

 

 

 

FAQ

Why did Orangekloud (ORKT) receive a Nasdaq delisting notice?

Orangekloud received a Nasdaq Staff Delisting Determination because its shares failed to meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days. This violates Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.

Is Orangekloud (ORKT) currently being delisted from Nasdaq?

Nasdaq has initiated the delisting process for Orangekloud, but the company plans to appeal and request an oral hearing. Once that request is filed, any suspension or delisting will be stayed while a Nasdaq Hearings Panel reviews the case and issues its decision.

Why is Orangekloud (ORKT) not eligible for a 180-day grace period?

Orangekloud is not eligible for a new 180‑day grace period under Nasdaq Rule 5810(c)(3)(A) because it previously cured a minimum bid price deficiency via a reverse stock split within the last twelve months. That prior cure disqualifies it from receiving another grace period now.

Will Orangekloud (ORKT) shares continue trading on the Nasdaq Capital Market?

The company states that its securities will continue to trade in the normal manner on the Nasdaq Capital Market under the symbol “ORKT”. Filing an appeal and requesting an oral hearing will stay any trading suspension or delisting while the Hearings Panel evaluates the matter.

What steps is Orangekloud (ORKT) taking to regain Nasdaq compliance?

Orangekloud intends to appeal the Staff Delisting Determination by requesting an oral hearing and submitting a written plan of compliance to a Nasdaq Hearings Panel. It will also request a time‑limited exception, though the company warns there is no assurance the plan or exception will be granted.
ORANGEKLOUD TECHNOLOGY INC

NASDAQ:ORKT

ORKT Rankings

ORKT Latest News

ORKT Latest SEC Filings

ORKT Stock Data

6.07M
1.95M
7.15%
0.78%
0.25%
Software - Application
Technology
Link
Singapore
Singapore