Orangekloud Regains Nasdaq Compliance After Meeting $1.00 Bid Requirement, Hearing Canceled
Orangekloud regained compliance with Nasdaq’s $1.00 minimum bid price requirement under Listing Rule 5550(a)(2) after its share price rose above threshold, prompting Nasdaq to confirm full compliance. The scheduled March 17 hearing was canceled and the company’s Class A Ordinary Shares will continue trading under symbol ORKT.
1. Nasdaq Compliance Restored
On March 3, 2026, Orangekloud announced it has regained compliance with Nasdaq Capital Market Listing Rule 5550(a)(2) by closing its share price above the $1.00 minimum bid requirement for the requisite review period. The company initially fell below this threshold for 30 consecutive business days, prompting a delisting determination in early February and an appeal request for an oral hearing.
2. Hearing Cancellation
Following confirmation from Nasdaq Listing Qualifications staff that the bid price requirement was satisfied, the previously scheduled hearing before the Nasdaq Hearing Panel on March 17 was officially canceled. This announcement removes the uncertainty around the company’s continued trading status.
3. Continued Listing and Outlook
With full compliance restored, Orangekloud’s Class A Ordinary Shares will remain listed under symbol ORKT on The Nasdaq Capital Market. Management highlighted that this outcome underscores market confidence in its long-term vision, allowing focus to return to advancing its eMOBIQ® No-Code platform initiatives and delivering shareholder value.