Orangekloud Technology Issues Update on Proposed Merger with VeVe
MWN-AI** Summary
On March 3, 2026, Orangekloud Technology Inc. (Nasdaq: ORKT) provided an update regarding its proposed merger with Orbis Technology Limited, a global leader in digital intellectual property infrastructure. This announcement followed a previous press release from February 11, 2026, in which Orangekloud disclosed that it had entered a non-binding Letter of Intent (LOI) with VeVe, Orbis's flagship consumer brand. The companies had aimed to finalize a definitive agreement by February 28, 2026.
In the latest update, Orangekloud confirmed that while negotiations are ongoing, additional time is needed to finalize the terms of the definitive agreement. Both parties remain committed to the transaction, and management noted that discussions continue to progress constructively. The definitive agreement is expected to address the transactional framework for merging Orangekloud's eMOBIQ® No-Code platform—designed to facilitate mobile app development for small and medium enterprises (SMEs)—with Orbis's digital asset monetization capabilities.
Orangekloud’s focus includes various industry sectors such as food services, manufacturing, precision engineering, and construction, aiming to streamline operations for businesses. The implications of this merger may significantly enhance Orangekloud’s offerings, enabling it to leverage Orbis's robust IP infrastructure to expand and create new revenue opportunities.
The company plans to keep its stakeholders informed regarding any significant progress or the finalization of the definitive agreement. Acknowledging the forward-looking nature of the statements made, Orangekloud emphasized the inherent risks and uncertainties associated with market conditions and the completion of the transaction. Investors are advised to exercise caution regarding reliance on future expectations conveyed in the announcement.
MWN-AI** Analysis
Orangekloud Technology Inc. (NASDAQ: ORKT) is navigating a significant moment in its corporate journey with the potential merger with Orbis Technology Limited. As reported on March 3, 2026, both companies are engaged in constructive discussions to finalize the transaction, which entails a strategic alignment with Orbis’s leading digital intellectual property (IP) infrastructure through VeVe, its flagship brand.
From an investment perspective, this merger holds promising implications for Orangekloud. The core offering of its eMOBIQ® No-Code platform positions the company well within the rapidly growing mobile application development sphere, specifically tailored for Small and Medium Enterprises (SMEs). The integration with Orbis could enhance its market position, leveraging VeVe's marketplace infrastructure to drive demand for digital assets. Such a collaboration not only broadens Orangekloud’s service offerings but also potentially increases its revenues from licensing and authenticated digital assets.
However, investors should remain cautious. The delay in finalizing the terms of the definitive agreement indicates that while there are constructive discussions, uncertainties remain. The merger’s success hinges on the ability of both parties to address any existing hurdles. Market volatility and economic conditions will also impact any anticipated benefits from the deal. Therefore, investors should keep an eye on further announcements from Orangekloud regarding the merger process, as tangible updates could significantly influence stock valuations.
In conclusion, while the potential merger could provide a strong growth trajectory for Orangekloud, prudent investors should monitor ongoing developments closely. Diversification into digital assets through this partnership may present new opportunities, but the balance of risks associated with the negotiation process should not be overlooked. A cautious approach, awaiting more definitive updates, is advisable before making significant investment commitments.
**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 the development of mobile applications and SaaS subscription-based ISV Solutions, today announced an update on the Proposed Merger Transaction with Orbis Technology Limited (“Orbis”).
Orbis is a global digital intellectual property (IP) infrastructure company that enables leading brands to issue, authenticate, and monetise licensed digital assets at scale. VeVe is Orbis’s flagship consumer-facing brand and marketplace, serving as a distribution and demand engine for the Group’s underlying IP infrastructure.
As previously disclosed in the Company’s Press Release from February 11, 2026, Orangekloud Technology has entered into a non-binding Letter of Intent (“LOI”) with VeVe and indicated that the parties were working toward the execution of a definitive agreement on or around February 28, 2026.
The Company today announced that while both parties continue to engage in active discussions and negotiations, both parties remain committed to the proposed transaction, but additional time is required to finalize certain terms of the definitive agreement.
Management believes the discussions remain constructive and continue to work diligently with VeVe to complete the negotiation and documentation process in the near term. The Company intends to provide further updates upon the execution of the definitive agreement or any further material developments.
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 are the key strategic benefits of the Proposed Merger Transaction for Orangekloud Technology Inc. (ORKT) and how might it enhance their eMOBIQ® platform offerings in the marketplace?
How does the partnership with Orbis Technology Limited and its VeVe platform position Orangekloud Technology Inc. (ORKT) in the competitive landscape of digital assets and intellectual property monetization?
What potential challenges could delay the finalization of the definitive agreement between Orangekloud Technology Inc. (ORKT) and Orbis, and how does management plan to address them?
In light of the ongoing discussions, what specific metrics or milestones should investors be looking for from Orangekloud Technology Inc. (ORKT) as indicators of the merger's progress and potential success?
**MWN-AI FAQ is based on asking OpenAI questions about Orangekloud Technology Inc. (NASDAQ: ORKT).
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