Singapore, March 03, 2026 — Orangekloud Technology Inc. (NASDAQ: ORKT) (“Orangekloud” or the “Company”), a Singapore-headquartered technology firm providing the eMOBIQ® No-Code platform for mobile application development, today declared that it has restored compliance with the Nasdaq Capital Markets Listing Requirements.
As previously reported on February 4, 2026, the Company received a Staff Delisting Determinations Letter noting that the Company’s securities had closed below $1.00 per share over 30 consecutive business days, thus not meeting the minimum bid price requirement under Listing Rule 5550(a)(2). At that juncture, the Company expressed its intent to contest the Staff Determination by seeking an oral hearing before the Nasdaq Hearing Panel (the “Panel”) in accordance with Listing Rule 5815.
The Company is glad to report that the Nasdaq Listing Qualifications staff have since informed the Hearings Department that the Company has re-established compliance with the bid price requirement under Listing Rule 5550(a)(c) and now fully adheres to the Nasdaq Capital Markets listing requirement. Consequently, the hearing before the Panel that was previously set for March 17, 2026, has been called off. The Company’s Class A Ordinary Shares will remain listed and traded on The Nasdaq Capital Market under the ticker “ORKT.”
“We are happy to have resolved this issue and reattained full compliance with Nasdaq’s listing criteria,” stated Alex Goh, CEO of Orangekloud Technology. “This result demonstrates the confidence our shareholders and the market place in our long-term vision. We remain committed to driving forward our business initiatives and creating value for our shareholders.”
About Orangekloud Technology Inc.
Orangekloud Technology Inc. (NASDAQ: ORKT) is a Singapore-based technology firm that provides the eMOBIQ® No-Code platform for developing mobile applications tailored for Small and Medium Enterprises (SMEs) and corporations. A collection of eMOBIQ® mobile applications is designed to digitize and streamline operations in warehousing, sales ordering, delivery, manufacturing, and other critical areas. The industry sectors it focuses on include Food Services & Manufacturing, Precision Engineering, Construction, and others.
FORWARD-LOOKING STATEMENTS
Certain statements included in this press release about future outlooks, plans, and prospects, along with any other statements regarding non-historical matters, may be considered “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements related to expected trading commencement and closing dates. The terms “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 contain these terms. Actual outcomes may vary significantly from those indicated by such forward-looking statements due to various key factors, including: uncertainties associated with market conditions and the completion of the public offering on the expected terms or at all, and other factors outlined in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these and other reasons, investors are warned against placing excessive reliance on any forward-looking statements in this press release. Any forward-looking statements in this press release are only valid as of the date of this release, and OrangeKloud Technology Inc. expressly disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or other reasons, except as mandated by law.
Contacts
OrangeKloud Technology Inc. IR Contact:
Steven Chu, Chief Operating Officer and Investor Relations 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:
