Orangekloud consolidates shares, updates Nasdaq listing
Orangekloud Technology Inc. approved a major share consolidation at its Extraordinary General Meeting.
Rhea-AI Filing Summary
Orangekloud Technology Inc. approved a major share consolidation at its Extraordinary General Meeting. The company will consolidate 8,388,012 issued Class A Ordinary Shares of nominal value US$0.001 each into 2,097,003 Class A Ordinary Shares of nominal value US$0.004 each, and 14,970,988 issued Class B Ordinary Shares of nominal value US$0.001 each into 3,742,747 Class B Ordinary Shares of nominal value US$0.004 each.
Authorised but unissued shares are being adjusted on the same basis, and the authorised share capital will remain at US$50,000 but change from 50,000,000 ordinary shares at US$0.001 par value each to 12,500,000 ordinary shares at US$0.004 par value each. Fractional entitlements will not be issued; instead, any fraction will be rounded up so each shareholder receives one consolidated share. The changes will be reflected on the Nasdaq Capital Market at the open of business on September 29, 2025, with Class A Ordinary Shares continuing under the symbol “ORKT” and a new CUSIP G6781F119.
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Insights
Orangekloud is tightening its share structure without changing total capital.
Orangekloud Technology Inc. is consolidating both its issued and authorised Class A and Class B Ordinary Shares, increasing the nominal value per share from US$0.001 to US$0.004 while keeping total authorised capital at US$50,000. This reduces the number of shares outstanding and authorised but does not alter the overall capital base stated in the filing.
The consolidation and associated capital redesignation will be reflected on the Nasdaq Capital Market from September 29, 2025, with Class A Ordinary Shares continuing to trade under the symbol ORKT and a new CUSIP G6781F119. Actual market impact will depend on how investors interpret the adjusted share count and trading dynamics after that date.
FAQ
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When will Orangekloud (ORKT) begin trading on Nasdaq under the new structure?
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