Singapore, March 3, 2026 — Orangekloud Technology Inc. (Nasdaq: ORKT) (“Orangekloud” or “the Company”), a Singapore-headquartered tech firm that provides the eMOBIQ® No-Code platform for creating mobile applications and SaaS subscription-based ISV Solutions, today shared an update regarding its proposed merger transaction with Orbis Technology Limited (“Orbis”).
Orbis is a global digital intellectual property (IP) infrastructure company that allows leading brands to issue, verify, and monetize licensed digital assets at scale. VeVe is Orbis’s premier consumer-facing brand and marketplace, acting as a distribution and demand engine for the Group’s core IP infrastructure.
As previously disclosed in the Company’s press release dated February 11, 2026, Orangekloud Technology entered into a non-binding Letter of Intent (“LOI”) with VeVe and noted that the parties were working toward executing a definitive agreement around February 28, 2026.
The Company today announced that while both parties continue to engage in active discussions and negotiations, they remain committed to the proposed transaction—though additional time is needed to finalize specific terms of the definitive agreement.
Management believes the discussions are ongoing and constructive, and they continue to work diligently with VeVe to complete the negotiation and documentation process in the near term. The Company intends to provide further updates once the definitive agreement is executed or any material new developments arise.
About Orangekloud Technology Inc.
Orangekloud Technology Inc. (NASDAQ: ORKT) is a Singapore-based technology company that offers the eMOBIQ® No-Code platform to build mobile applications tailored for Small and Medium Enterprises (SMEs) and corporations. It provides a suite of eMOBIQ® mobile apps designed to digitize and streamline operations in warehousing, sales ordering, delivery, manufacturing, and other key areas. The industry sectors it focuses on include Food Services & Manufacturing, Precision Engineering, Construction, and more.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release about future expectations, plans, and prospects—along with any 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 related to expected trading commencement and closing dates. Words like “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are used to identify forward-looking statements, though not all such statements contain these terms. Actual results may differ materially from those indicated by these forward-looking statements due to various key factors, including uncertainties related to market conditions and the completion of the public offering on the anticipated terms (or at all), plus other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons and others, investors are cautioned not to place undue reliance on any forward-looking statements in this press release. Any forward-looking statements herein are valid only as of the date of this release, and Orangekloud Technology Inc. explicitly disclaims any obligation to update them—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:
