RedCloud Announces Effective Date of Reverse Share Split
Key Highlights
- ➤100-to-1 reverse split effective November 17, 2026, under existing Nasdaq symbol RCT
- ➤Outstanding shares reduce from approximately 144.1 million to approximately 1.4 million
- ➤Reverse split targets Nasdaq minimum bid-price compliance for continued listing
- ➤Nasdaq Hearings Panel oral hearing scheduled for November 17, 2026
- ➤More than $8.4 billion in FMCG transactions processed through RedCloud infrastructure since early 2023
LONDON, Nov. 13, 2026 (GLOBE NEWSWIRE) -- RedCloudHoldings plc (Nasdaq: RCT) (“RedCloud” or the “Company”), which is building the AI prediction infrastructure for global FMCG trade, today announced that the previously approved 100-to-1reverse share split (the “Reverse Share Split”) of the Company’s ordinary shares, nominal value £0.002 per share (the “Ordinary Shares”), is expected to become effective at 12:01 a.m. on Tuesday, November 17, 2026 (the “Effective Date”).
RedCloud expects that its Ordinary Shares will open for trading on The Nasdaq Capital Market on a reverse split-adjusted basis on November 17, 2026 under the existing trading symbol “RCT”. The new CUSIP number for the Ordinary Shares following the Reverse Share Split will be G71115 201.
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