Singapore, Feb. 04, 2026 — Orangekloud Technology Inc. (NASDAQ: ORKT) (“Orangekloud” or the “Company”), a Singapore-based technology firm providing the eMOBIQ®️ No-Code platform for mobile application development, today announced that on January 29, 2026, it received a Staff Delisting Determination Letter from the staff of Nasdaq Listing Qualifications (the “Staff”).
This Letter noted that, because the Company’s securities closed at less than $1 per share over 30 consecutive business days prior, thereby failing to comply with Listing Rule 5550(a)(2), and since the Company conducted a reverse stock split within the past year—making it ineligible for the 180-calendar day period typically allocated to demonstrate compliance under Listing Rule 5810(c)(3)(A)—the Staff has decided to initiate proceedings to delist the Company’s common stock from the Nasdaq Capital Market (the “Nasdaq”).
The Company intends to appeal the Staff Determination by submitting a request for an oral hearing before the Nasdaq Hearings Panel (the “Panel”) in accordance with Nasdaq Listing Rule 5815. Under Rule 5815(a)(1)(B), once filed, this request will pause the suspension of trading or delisting of the Company’s securities until the hearing and the Panel’s decision. In the interim, the Company’s securities will continue to trade normally on the Nasdaq Capital Market under the symbol “ORKT.”
Under Listing Rule 5815(a)(5), the Company will present a written compliance plan to the Hearings Panel and request that the Panel grant a temporary exception to the listing standards, as permitted by Rule 5815(c)(1)(A). However, there is no guarantee that the Panel will approve the Company’s plan to regain compliance and/or grant the requested exception, nor can it be assured that such a plan will succeed if implemented.
The Company issues this announcement to fulfill its obligation under Listing Rule 5810(b) to publicly disclose the identified deficiency and the Staff Determination within four business days of the event.
About Orangekloud Technology Inc.
Orangekloud Technology Inc. (NASDAQ: ORKT) is a Singapore-based technology company offering the eMOBIQ® No-Code platform for developing mobile applications tailored to Small and Medium Enterprises (SMEs) and corporations. Its eMOBIQ® suite of mobile applications is designed to digitize and streamline operations in warehousing, sales ordering, delivery, manufacturing, and other key areas. Targeted industry sectors include Food Services & Manufacturing, Precision Engineering, Construction, and others.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release regarding future expectations, plans, and prospects, as well as other non-historical statements, may qualify as “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements about expected trading commencement and closing dates. Terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions are meant to identify forward-looking statements, though not all forward-looking statements use these terms. Actual outcomes may vary significantly from those suggested by these forward-looking statements due to several key factors, including uncertainties related to market conditions, the completion of the public offering on expected terms (or at all), and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these and other reasons, investors are advised not to place excessive reliance on any forward-looking statements in this press release. All forward-looking statements in this press release are as of the date of this release, and OrangeKloud Technology Inc. explicitly disclaims any obligation to update such statements, whether due to 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:
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:
