Orangekloud Stock Faces a Crucial $1 Test as Nasdaq Holiday Freezes Trading
Orangekloud Technology Inc. heads into the shortened U.S. trading week with its shares sitting barely above a key Nasdaq listing threshold, after closing the last session at $1.03 and with Wall Street shut Monday for Memorial Day. That matters now because the Singapore-based software company has already been through one listing scare this year. A minimum bid-price rule requires a Nasdaq-listed security to keep a bid of at least $1; Orangekloud said in March it had regained compliance after previously receiving a delisting determination tied to that rule.