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.
The Reverse Share Split was approved by the Company’s Board of Directors under authority granted by the Company’s shareholders at a general meeting held on October 30, 2026. The Company will file an amendment to its Articles of Association to reflect the Reverse Share Split as of the Effective Date. The Reverse Share Split is intended to, among other things, increase the per share trading price of the Ordinary Shares to satisfy the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The Company’s requested oral hearing before the Nasdaq Hearings Panel will take place on November 17, 2026. Shareholders will not need to take any action with respect to the Reverse Share Split.
At the Effective Date of the Reverse Share Split, every 100 Ordinary Shares outstanding and held of record by each shareholder of the Company will be automatically reclassified into one new Ordinary Share, reducing the number of Ordinary Shares issued and outstanding from approximately 144.1 million to approximately 1.4million. The nominal value of the Ordinary Shares will be adjusted from £0.002 per share to £0.20 per share and the authorized allotment of Ordinary Shares will be proportionally adjusted to 10,000,000 following the Reverse Share Split. The Ordinary Sharesunderlying the Company’s outstanding share options and warrants also will be proportionately adjusted.
No fractional shares will be issued as a result of the Reverse Share Split. The resulting fractional shares will be sold for the best price reasonably obtainable, and each shareholder will be paid in cash its respective portion of the proceeds received from such sale in lieu of fractional shares. Each shareholder’s percentage ownership interest in the Company’s Ordinary Shares and proportional voting power of the Company’s Ordinary Shares shall remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares.
