Business Context and Reporting Period
This Form 6-K filing by Orangekloud Technology Inc. covers the period ending February 5, 2026. The report addresses a critical corporate governance event involving the company's listing status on the Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current event disclosure rather than a financial statement.
Material Changes
The primary material change is the receipt of a Staff Delisting Determination from Nasdaq on January 29, 2026. The determination cites non-compliance with Nasdaq Listing Rule 5550(a)(2), the Minimum Bid Price Rule, which requires a minimum bid price of $1.00 per share. The deficiency persisted for 30 consecutive business days.
Guidance, Outlook, and Risks
- Delisting Risk: The company faces imminent delisting from the Nasdaq Capital Market due to the failure to maintain the minimum bid price.
- Grace Period Ineligibility: The company is not eligible for the standard 180-day grace period to regain compliance because it previously cured a similar failure via a reverse stock split within the last twelve months.
- Management Action: The company has announced the determination via a press release dated February 4, 2026, and has initiated an appeal process.
Investor Verification Checklist
- Verify the current trading price of Orangekloud Technology Inc. shares to assess the severity of the bid price deficiency.
- Confirm the status of the company's appeal to Nasdaq and any potential timelines for a final decision.
- Review the attached Press Release (Exhibit 99.1) for specific details on the company's proposed remediation plan.
- Check for any subsequent filings regarding the outcome of the delisting appeal or alternative listing strategies.