RedCloud sets 1-for-100 reverse share split for Nov. 17
RCT•RedCloud Holdings expects a 100-for-1 reverse share split to take effect on Nov. 17, reducing outstanding ordinary shares from approximately 144.1 million to 1.4 million. The consolidation aims to meet Nasdaq’s minimum bid price requirement; a Nasdaq hearing is scheduled for the same day.
1. Split details
RedCloud Holdings expects the reverse share split to take effect at 12:01 a.m. on Nov. 17, 2026. Split-adjusted trading on the Nasdaq Capital Market is expected to begin that day under the existing symbol RCT.
2. Share count and hearing
Outstanding ordinary shares are expected to fall from approximately 144.1 million to approximately 1.4 million. Fractional shares will be sold, with proceeds paid proportionately in cash to affected shareholders. The consolidation aims to meet Nasdaq’s minimum bid price requirement, and a Nasdaq Hearings Panel hearing is scheduled for Nov. 17.
