RedCloud to carry out 100-to-1 reverse share split on Nov. 17
RedCloud Holdings (RCT) expects its 100-to-1 reverse share split to take effect on November 17, 2026. The move is tied to Nasdaq's minimum bid price requirement.
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what happened
RedCloud Holdings said its previously approved 100-to-1 reverse share split is expected to take effect on November 17, 2026. Shares are expected to start trading on a split-adjusted basis that day. The share count would fall from about 144.1 million to about 1.4 million.
According to the company, the split is intended, among other things, to help it meet Nasdaq's minimum bid price requirement. The same day, November 17, is also the date of the company's requested Nasdaq oral hearing. The information comes from TradingView, which is based on content distributed by GlobeNewswire.
why it matters
For the market, this is a listing-compliance step rather than a sign of better operating results. The key next factors are the outcome of the Nasdaq hearing and whether the split-adjusted shares satisfy the minimum bid price rule. The split does not change shareholders' proportional ownership, except for fractional-share adjustments.
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sources
- RedCloud Holdings (RCT) Sets 100-to-1 Reverse Split for Nov. 17 — TradingView, 13 November 2026 at 05:05 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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