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Orangekloud Technology Regains Nasdaq Compliance, Delisting Hearing Cancelled

Benzinga·03/03/2026 16:05:26
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Orangekloud Technology Inc. (NASDAQ:ORKT) ("Orangekloud" or the "Company"), a Singapore-based technology company offering the eMOBIQ® No-Code platform for development of mobile applications, today announced that it has regained compliance with the Nasdaq Capital Markets Listing Requirements.

As previously disclosed on February 4, 2026, the Company received a Staff Delisting Determinations Letter indicating that the Company's securities had closed below $1.00 per share for 30 consecutive business days, failing to meet the minimum bid price requirement under Listing Rule 5550(a)(2). At that time, the Company stated its intention to appeal the Staff Determination by requesting an oral hearing before the Nasdaq Hearing Panel (the "Panel") pursuant to Listing Rule 5815.

The Company is pleased to announce that the Nasdaq Listing Qualifications staff have since advised the Hearings Department that the Company has regained compliance with the bid price requirement under Listing Rule 5550(a)(c) and is now in full compliance with the Nasdaq Capital Markets listing requirement. As a result, the hearing before the Panel previously scheduled for March 17, 2026, has been cancelled. The Company's Class A Ordinary Shares will continue to be listed and traded on The Nasdaq Capital Market under the symbol "ORKT."