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RedCloud Holdings Plc Receives Notice Regarding Minimum Bid Price Requirement

  • RedCloud Holdings plc received formal notification from Nasdaq on April 15, 2026, stating it is no longer compliant with Rule 5550(a)(2) due to a closing bid price below $1 for 30 consecutive business days.
  • The company has a 180-day compliance period ending on October 12, 2026, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days.
  • Failure to regain compliance by October 12, 2026, may result in eligibility for a second 180-day period if the company meets market value of publicly held shares requirements & other initial listing standards while notifying Nasdaq of its intent to cure.
  • If the company fails to meet continued listing standards, Nasdaq will issue a notice of delisting, which the company may appeal to a Nasdaq hearings panel.
  • The notification has no immediate effect on the listing of RedCloud's ordinary shares on Nasdaq.
  • RedCloud is actively pursuing its commercial strategy, including joint venture operations, to regain compliance within the specified period.
  • RedCloud is a London-registered British company co-founded by Justin Floyd & Soumaya Hamzaoui, focused on building global trade intelligence infrastructure via its RedAI platform.