# RedCloud Receives Nasdaq Delisting Determination and Appeals to Preserve Listing

> RedCloud received a Nasdaq delisting determination on October 13, 2026 over the $1.00 minimum bid price rule and filed an appeal that stays the delisting.

- Published: 2026-10-14T21:17:46+00:00
- Section: Regulation & Approvals
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-14/redcloud-nasdaq-delisting-appeal
- Source: [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/14/3381156/0/en/redcloud-receives-expected-nasdaq-staff-delisting-determination-and-files-appeal-to-preserve-listing-pending-panel-hearing.html)

## Key takeaways

- RedCloud received a Nasdaq Staff Delisting Determination on October 13, 2026 for failing the $1.00 minimum bid price rule.
- RedCloud appealed and requested an oral hearing, which stayed the suspension of trading or delisting of its securities.
- RedCloud will seek shareholder approval for a share consolidation at a General Meeting on October 30, 2026, expected effective on or about November 13, 2026.

[RedCloud](https://akta.pro/company-profiles/0000h1b/redcloud-technologies) Holdings plc received a Staff Delisting Determination from Nasdaq on October 13, 2026 for failing the minimum bid price rule, and filed an appeal that stays the delisting. The company announced the determination on October 14, 2026, according to [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/14/3381156/0/en/redcloud-receives-expected-nasdaq-staff-delisting-determination-and-files-appeal-to-preserve-listing-pending-panel-hearing.html).

## RedCloud's Nasdaq Delisting Determination and Appeal

Nasdaq's Listing Qualifications Department notified RedCloud that it had started the process of delisting the company's ordinary shares from the Nasdaq Capital Market. The notice cited non-compliance with Nasdaq Listing Rule 5550(a)(2), the Minimum Bid Price Rule, which requires primary securities listed on the Nasdaq Capital Market to maintain a minimum bid price of at least $1.00 per share. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if a deficiency under the rule continues for a period of consecutive 30 business days. RedCloud is not eligible for a second 180-day compliance period because it lacks the stockholders' equity required to meet the initial listing standards.

RedCloud appealed the Staff Determination by filing a request for an oral hearing before the Nasdaq Hearings Panel. The request has stayed the suspension of trading or delisting of the company's securities pending the hearing and the Hearings Panel's decision. RedCloud's securities will continue to trade in the normal manner on the Nasdaq Capital Market under the symbol "RCT." The company will submit to the Hearings Panel a written plan of compliance, including a commitment to effect a reverse stock split.

## RedCloud's Share Consolidation Plan

RedCloud's Board of Directors has convened a General Meeting scheduled for October 30, 2026, as previously announced on October 6, 2026, according to akta.pro [company records](https://akta.pro/company-data). At the General Meeting, the company will seek shareholder approval to effect a share consolidation. If approved by shareholders, the share consolidation is expected to be effective on or about November 13, 2026. Depending on the timing of the hearing before the Hearings Panel, the share consolidation may already be effective.

## RedCloud's Earlier Moves This Year

RedCloud set the October 30, 2026 shareholder vote to approve a 20-for-1 share consolidation, a move aimed at meeting Nasdaq's minimum bid price and market value requirements after two deficiencies, Stock Titan reported. On September 22, 2026, RedCloud said it would issue 74,000 unregistered ordinary shares to CEO Justin Floyd in a private placement at $2.50 per share, a premium to the prior closing price, with the $185,000 subscription price paid by offsetting existing financial liabilities owed to Floyd. On August 27, 2026, RedCloud agreed to sell 7,200,000 unregistered ordinary shares to insiders in a private placement at $0.25 per share, about a 24% premium to the August 26 closing price, for roughly $1.8 million in gross proceeds.

## What Comes Next for RedCloud

The General Meeting is scheduled for October 30, 2026, and the share consolidation is expected to be effective on or about November 13, 2026 if approved. RedCloud will submit a written plan of compliance to the Hearings Panel, and the hearing and the Hearings Panel's decision will determine the outcome of the appeal.

## Companies in this story

- [RedCloud Technologies company profile](https://akta.pro/company-profiles/0000h1b/redcloud-technologies) · website: https://redcloudtechnology.com

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