RedCloud Drops Under 60 Cents After Share-Sale Filings Push RCT Into Focus
RedCloud shares fell 10.2% to $0.55 on Friday, hitting a 52-week low after new SEC filings registered up to 50 million shares for possible resale. The filings raised dilution concerns, with the company’s share count potentially rising from 59.36 million to 109.36 million if all shares are issued. RedCloud remains under Nasdaq’s $1 minimum bid rule. Market cap stood near $32.7 million in late-morning trading.