Orangekloud Technology Inc. Regains Compliance with Nasdaq Listing Requirements
MWN-AI** Summary
Orangekloud Technology Inc. (NASDAQ: ORKT), a technology company based in Singapore specializing in the eMOBIQ® No-Code platform for mobile application development, has successfully regained compliance with the Nasdaq Capital Markets Listing Requirements. This announcement, made on March 3, 2026, comes after the company was previously notified on February 4, 2026, of a potential delisting due to its stock price closing below $1.00 per share for 30 consecutive business days, violating Listing Rule 5550(a)(2).
In response, Orangekloud indicated its intention to appeal the Nasdaq Staff Determination by requesting an oral hearing. However, it was later confirmed by Nasdaq's Listing Qualifications staff that the company had regained compliance with the minimum bid price requirement under the relevant listing rule (5550(a)(c)). Consequently, the scheduled hearing for March 17, 2026, was canceled, allowing Orangekloud’s Class A Ordinary Shares to continue trading on Nasdaq under the symbol “ORKT.”
CEO Alex Goh expressed satisfaction with the resolution, emphasizing the restored compliance as a reflection of shareholder confidence in the company’s strategic vision. He reiterated the company’s focus on enhancing business initiatives and delivering value to its investors.
Orangekloud’s eMOBIQ® platform targets small and medium enterprises (SMEs) and corporations, offering a suite of applications to streamline operations across various sectors including food services, manufacturing, and construction.
Investors and stakeholders are advised to approach forward-looking statements in the release with caution due to inherent uncertainties in market conditions and other risk factors related to the company's operational outlook.
MWN-AI** Analysis
Orangekloud Technology Inc. (NASDAQ: ORKT) recently announced that it has successfully regained compliance with Nasdaq's listing requirements, concluding a period of uncertainty that arose from its share price dropping below $1.00 for 30 consecutive days. This issue, which initially raised significant concerns among investors, has now dissipated as the company has met the stipulated minimum bid price requirement.
The resolution of this delisting threat is a positive indicator for investors, suggesting that the market has confidence in Orangekloud’s operational resilience and recovery strategies. Moreover, CEO Alex Goh's assurance that they remain focused on advancing business initiatives further indicates a commitment to long-term growth and value creation.
In analyzing Orangekloud’s market position, the eMOBIQ® No-Code platform offers a strong value proposition for SMEs, especially in sectors like Food Services, Manufacturing, and Construction, where digital transformation is becoming increasingly critical. Given the global trend towards automation and efficiency, Orangekloud could be well-positioned to capture market share as more enterprises look to optimize operations.
Investors should consider the current stock price in relation to future growth potential. While the recent compliance with Nasdaq requirements provides some stability, prospective investors should also weigh the inherent risks associated with market conditions and customer adoption rates for Orangekloud’s technologies.
Overall, Orangekloud's return to compliance could be seen as a strategic opportunity for long-term investment. However, potential stakeholders should proceed with caution, vigilantly monitoring the company's execution of its operational strategies and how it adapts to evolving market dynamics. As always, diversifying one's investment and remaining informed about market trends is advisable in the tech sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Singapore, March 03, 2026 (GLOBE NEWSWIRE) -- 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.”
“We are pleased to have resolved this matter and regained full compliance with Nasdaq’s listing standards,” said Alex Goh, CEO of Orangekloud Technology. “This outcome reflects the confidence our shareholders and the market have in our long-term vision. We remain focused on advancing our business initiatives and delivering value to our shareholders.”
About Orangekloud Technology Inc.
Orangekloud Technology Inc. (NASDAQ: ORKT) is a Singapore-based technology company which offers the eMOBIQ® No-Code platform to develop mobile applications specially designed for Small and Medium Enterprises (SMEs) and corporations. A suite of eMOBIQ® mobile applications designed to digitalize and streamline operations in warehousing, sales ordering, delivery, manufacturing, and other key areas. The industry sectors focused on include Food Services & Manufacturing, Precision Engineering, Construction, etc.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and OrangeKloud Technology Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Contacts
OrangeKloud Technology Inc. IR Contact:
Steven Chu, COO and IR Officer
70 Bendemeer Road #04-04 Luzerne
Singapore 339940
(+65) 6317 2050
Email: ir@orangekloud.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com
FAQ**
What factors contributed to Orangekloud Technology Inc. (ORKT) regaining compliance with Nasdaq Capital Markets Listing Requirements, and what does this mean for the company's future prospects?
How does Orangekloud Technology Inc. (ORKT) plan to leverage its eMOBIQ® No-Code platform to further support SMEs and corporations in Singapore and beyond?
What specific industry sectors are being targeted by Orangekloud Technology Inc. (ORKT) for its eMOBIQ® mobile applications, and what innovations can we expect in these sectors?
What steps is Orangekloud Technology Inc. (ORKT) taking to enhance shareholder value, especially in light of its recent compliance with Nasdaq listing standards?
**MWN-AI FAQ is based on asking OpenAI questions about Orangekloud Technology Inc. (NASDAQ: ORKT).
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