RedCloud to hold general meeting on Oct 30 for 20-for-1 share consolidation

RedCloud Holdings (RCT) will seek shareholder approval for a 20-for-1 reverse stock split at a General Meeting on October 30, 2026. The move aims to regain compliance with Nasdaq's $1 minimum bid price rule. The company expects a delisting determination on October 12 but intends to appeal and request a hearing, which would stay any suspension. Large shareholders have committed to vote in favor.