London, UK, April 17, 2026 (GLOBE NEWSWIRE) — RedCloud Holdings plc (Nasdaq: RCT) (“RedCloud” or the “Company”) today announced that it received formal notice from Nasdaq on April 15, 2026 indicating that, based on the closing bid price of the Company’s common shares during the last 30 consecutive business days, the Company is no longer in compliance with the Nasdaq Listing Rule 5550(a)(2), which requires publicly traded companies to maintain a minimum bid price of at least $1 per share.
Nasdaq Listing Rule 5810(c)(3)(A) provides for a compliance period of 180 calendar days, or until October 12, 2026, during which the minimum bid price requirement must again be met. If the Company demonstrates a closing bid price of at least $1 per share for at least 10 consecutive business days during the 180-day compliance period, the Company will automatically return to compliance. In the event that the Company does not regain compliance with the $1 bid price requirement by October 12, 2026, the Company may be eligible for a second 180-day compliance period if it meets the continued listing requirement for the market value of publicly traded securities and all other initial listing standards for the Nasdaq Capital Market, except the minimum bid price requirement. In addition, the company would also have to notify Nasdaq of its intention to address the minimum bid price shortfall.
If the Company fails to regain compliance with the Nasdaq standards for continued listing, Nasdaq will issue a notice that the Company’s common stock will be delisted.
The company would then have the right to appeal this decision to a Nasdaq hearing panel.
The notice will have no immediate effect on the listing of the Company’s common stock on Nasdaq. The company is actively pursuing its commercial strategy, including announcing its joint venture activities, and is focused on regaining compliance within the 180-day period.
About RedCloud Holdings plc
RedCloud’s mission is to build the intelligence infrastructure of global trade, by generating and aggregating proprietary trade and market data from across the FMCG industry through the RedAI platform (“RedAI”). RedCloud provides market intelligence based on proprietary trading data across categories in each of its markets. The company also provides a ‘commerce layer’ of products for use by its customers, to enable intelligent digital exchange of everyday consumer inventories of FMCG products across enterprise supply chains, supported by a payments and credit ecosystem intended to streamline commerce. RedCloud believes its platform and associated products and services solve a decades-old problem of how to digitize commerce at scale to generate data and intelligence that helps brands, distributors and retailers maximize business performance across all categories in fast-growing consumer markets.
RedCloud is a British company registered in London, co-founded by Justin Floyd and Soumaya Hamzaoui. For more information about RedCloud and its platform, please visit http://www.redcloudtechnology.com and connect on LinkedIn.
Forward-Looking Statements
The information in this press release may contain forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance. When words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “predict,” “target,” “forecast,” “may,” “would,” “could,” “might,” and “will,” the negative terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, including the ability to regain compliance with the minimum bid price listing requirement under Nasdaq Listing Rule 5550(a)(2). As a result, actual results may differ materially from those expressed in these forward-looking statements. When considering these forward-looking statements, you should consider the risk factors and other cautionary statements contained in RedCloud’s “Cautionary Statement Regarding Forward-Looking Statements,” “Item 3. Key Information – D. Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in RedCloud’s Annual Report on Form 20-F for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission (the “SEC”) on May 16, 2025, as well as other filings by the Company with the SEC. RedCloud assumes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances subsequent to this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Information contained on or accessed through the Company website or any other website or social media is expressly not incorporated by reference into and does not form part of this press release.
Contacts:
Investor Relations
Investor.relations@redcloudtechnology.com
Media Relations
media@redcloudtechnology.com
