Core Viewpoint - Orangekloud Technology Inc. has received a delisting determination from Nasdaq due to its stock closing below $1 per share for 30 consecutive business days, which violates Listing Rule 5550(a)(2) [2] Group 1: Delisting Determination - The company has been informed that it is not eligible for the 180-day compliance period due to a prior reverse stock split [2] - Nasdaq will commence proceedings to delist the company's common stock from the Nasdaq Capital Market [2] Group 2: Appeal Process - The company plans to appeal the delisting determination by requesting an oral hearing before the Nasdaq Hearings Panel [3] - Filing this request will stay the suspension of trading or delisting pending the hearing and the Panel's decision [3] - The company will submit a written plan of compliance to the Hearings Panel and request an exception to the listing standards for a limited time [3] Group 3: Company Overview - Orangekloud Technology Inc. is a Singapore-based technology company that offers the eMOBIQ® No-Code platform for mobile application development [5] - The platform is designed for Small and Medium Enterprises (SMEs) and corporations, focusing on sectors such as Food Services & Manufacturing, Precision Engineering, and Construction [5]
Orangekloud Technology Inc. Announces Nasdaq Delisting Determination Letter