GlobeNewswire·Oct 6, 2026, 9:21 AM ET

RedCloud will Hold General Meeting of Shareholders on October 30, 2026

RedCloud Holdings plc will hold a General Meeting on October 30, 2026, to seek shareholder approval for a 20-for-1 share consolidation.
The consolidation converts every 20 existing £0.002 shares into one new £0.04 share, with fractional shares aggregated \& sold to distribute net proceeds proportionally.
If approved, the share consolidation is expected to become effective around November 13, 2026.
The move aims to restore compliance with Nasdaq's minimum bid price requirement of $1 per share \& address a separate deficiency notice regarding the minimum market value of listed securities.
RedCloud expects to receive a delisting determination from Nasdaq on or about October 12, 2026, due to the failure to meet the market value requirement for 30 consecutive business days.
The Company intends to appeal any delisting determination by filing a request for an oral hearing before the Nasdaq Hearings Panel to request an exception \& a limited extension of compliance time.
Company directors, executive officers holding shares, \& the largest shareholder have committed to voting in favor of the share consolidation.
Shares will continue to trade normally on the Nasdaq Capital Market under the symbol RCT pending the outcome of the appeal process.
RedCloud has built AI prediction infrastructure for global FMCG trade, processing over $8.4 billion in transactions across 100,000 customers \& 6,700 brands since early 2023.