GlobeNewswire·Nov 13, 2026, 12:05 AM ET

RedCloud Announces Effective Date of Reverse Share Split

RedCloudHoldings plc (Nasdaq: RCT) announced its 100-to-1 reverse share split is expected to become effective at 12:01 a.m. on November 17, 2026.
Ordinary shares will begin trading on the Nasdaq Capital Market on November 17, 2026, under the symbol "RCT" with a new CUSIP of G71115 201.
The split was approved by the Board of Directors on October 30, 2026, to increase the per share trading price to meet Nasdaq's minimum bid price requirements.
At the effective date, every 100 existing shares will be reclassified into one new share, reducing the outstanding share count from approximately 144.1 million to approximately 1.4 million.
The nominal value per share will adjust from £0.002 to £0.20, with the authorized allotment proportionally adjusted to 10,000,000 shares.
Outstanding share options \& warrants will be proportionately adjusted, while fractional shares will be sold for cash proceeds distributed to shareholders.
Shareholders will not need to take any action, as positions will be automatically adjusted by the transfer agent, Computershare Trust Company, N.A., or through brokers.
RedCloud builds AI prediction infrastructure for global FMCG trade, having processed over $8.4 billion in transactions between early 2023 \& June 2026 across 100,000+ customers.