As a esult of the appeal, the e is o immediate impact o the listi g of RedCloud o di a y sha es, which co ti ue to t ade i the o mal ma e o the Nasdaq Capital Ma ket u de the symbol “RCT”
LONDON, Oct. 14, 2026 (GLOBE NEWSWIRE) — RedCloud Holdi gs plc (Nasdaq: RCT) (“RedCloud” o the “Compa y”), which is buildi g the AI p edictio i f ast uctu e fo global FMCG t ade, today a ou ced that o Octobe 13, 2026, it eceived a Staff Delisti g Dete mi atio (the “Staff Dete mi atio ”) f om the Listi g Qualificatio s Depa tme t of The Nasdaq Stock Ma ket LLC (“Nasdaq”), otifyi g the Compa y that Nasdaq has i itiated the p ocess of delisti g the Compa y’s o di a y sha es f om the Nasdaq Capital Ma ket as a esult of the Compa y’s o -complia ce with Nasdaq Listi g Rule 5550(a)(2) (the “Mi imum Bid P ice Rule”), which equi es p ima y secu ities listed o the Nasdaq Capital Ma ket to mai tai a mi imum bid p ice of at least $1.00 pe sha e. Nasdaq Listi g Rule 5810(c)(3)(A) p ovides that a failu e to meet the mi imum bid p ice equi eme t exists if a deficie cy u de the Mi imum Bid P ice Rule co ti ues fo a pe iod of co secutive 30 busi ess days. The Compa y is ot eligible fo a seco d 180-day complia ce pe iod because it lacks the stockholde s’ equity equi ed to meet the i itial listi g sta da ds.
The Compa y has appealed the Staff Dete mi atio by fili g a equest fo a o al hea i g befo e the Nasdaq Hea i gs Pa el (the “Hea i gs Pa el”). This equest has stayed the suspe sio of t adi g o delisti g of the Compa y’s secu ities pe di g the hea i g a d the Hea i g Pa el’s decisio . I the mea time, the Compa y’s secu ities will co ti ue to t ade i the o mal ma e o the Nasdaq Capital Ma ket u de the symbol “RCT”.
The Compa y will submit to the Hea i gs Pa el a w itte pla of complia ce, i cludi g a commitme t to effect a eve se stock split. As p eviously a ou ced o Octobe 6, 2026, the Compa y’s Boa d of Di ecto s has co ve ed a Ge e al Meeti g scheduled fo Octobe 30, 2026 (the “Ge e al Meeti g”). At the Ge e al Meeti g, the Compa y will seek sha eholde app oval to effect a sha e co solidatio . If app oved by sha eholde s, the sha e co solidatio is expected to be effective o o about Novembe 13, 2026. Depe di g o the timi g of the hea i g befo e the Hea i gs Pa el, the sha e co solidatio may al eady be effective.
About RedCloud
RedCloud Holdi gs plc (Nasdaq: RCT) builds AI i f ast uctu e fo the p edictio of FMCG t ade. Mo e tha $8.4 billio of FMCG t a sactio s have passed th ough its i f ast uctu e betwee ea ly 2023 a d Ju e 2026, ac oss mo e tha 100,000 custome s a d 6,700 b a ds. RedCloud uses this p op ieta y t a sactio data to develop RAID (Real-time AI fo Dist ibutio ), its p edictio model fo dist ibutio , a d deploys its i f ast uctu e a d associated p oducts (“RedAI”) eithe di ectly o th ough joi t ve tu es with pa t e s who fu d a d ope ate local ma kets.
RedCloud is a B itish compa y egiste ed i Lo do . Justi Floyd is its Fou de a d Chief Executive Office . Fo mo e i fo matio , please visit www. edcloudtech ology.com a d co ect o Li kedI .
Fo wa d-Looki g Stateme ts
The i fo matio i this p ess elease may i clude fo wa d-looki g stateme ts withi the mea i g of the fede al secu ities laws. These stateme ts i clude, without limitatio , stateme ts ega di g the expected ge e al meeti g of sha eholde s. Wo ds such as “expect,” “p oject,” “estimate,” “believe,” “a ticipate,” “i te d,” “pla ,” “seek,” “fo ecast,” “ta get,” “p edict,” “may,” “should,” “would,” “could,” a d “will,” the egative of these te ms a d simila exp essio s a e i te ded to ide tify fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts a e based o ma ageme t’s cu e t expectatio s a d assumptio s, a d a e subject to i he e t u ce tai ties, isks a d cha ges i ci cumsta ces that a e difficult to p edict, i cludi g, but ot limited to, the g a ti g of the Compa y’s equest a hea i g befo e the Hea i gs Pa el a d, the outcome of the Ge e al Meeti g. As a esult, actual esults could diffe mate ially f om those i dicated i these fo wa d-looki g stateme ts. Whe co side i g these fo wa d-looki g stateme ts, you should keep i mi d the isk facto s a d othe cautio a y stateme ts desc ibed i “Cautio a y Note Rega di g Fo wa d-Looki g Stateme ts,” “Item 3. Key I fo matio – D. Risk Facto s” a d “Item 5. Ope ati g a d Fi a cial Review a d P ospects” i RedCloud’s most ece t A ual Repo t o Fo m 20-F filed with the Secu ities a d Excha ge Commissio , as well as the Compa y’s pe iodic epo ts a d othe fili gs with the Secu ities a d Excha ge Commissio . RedCloud u de takes o obligatio to update o evise these fo wa d-looki g stateme ts except as equi ed by law.
Co tacts
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