RedCloud seeks shareholder approval for reverse stock split at Oct. 30 meeting
RCT•RedCloud will seek approval for a reverse stock split at its Oct. 30, 2026, general meeting. If approved, it is expected to take effect around Nov. 13 as part of a plan addressing Nasdaq’s $1.00 minimum bid price requirement.
1. Shareholder vote
RedCloud will ask shareholders to approve a share consolidation, or reverse stock split, at its Oct. 30, 2026, general meeting. If approved, the consolidation is expected to take effect on or about Nov. 13.
2. Nasdaq compliance
The proposal is part of a compliance plan addressing Nasdaq’s $1.00 minimum bid price requirement. An appeal has stayed a trading suspension or delisting pending a Nasdaq hearing and panel decision; ordinary shares continue trading under RCT.
