Orangekloud Updates on Merger Transaction with Orbis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
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Should l Buy ORKT?
Orangekloud announced an update on the proposed merger transaction with Orbis Technology. The company said, "As previously disclosed in the Company's Press Release from February 11, 2026, Orangekloud Technology has entered into a non-binding Letter of Inten with VeVe and indicated that the parties were working toward the execution of a definitive agreement on or around February 28, 2026. The Company today announced that while both parties continue to engage in active discussions and negotiations, both parties remain committed to the proposed transaction, but additional time is required to finalize certain terms of the definitive agreement. Management believes the discussions remain constructive and continue to work diligently with VeVe to complete the negotiation and documentation process in the near term. The Company intends to provide further updates upon the execution of the definitive agreement or any further material developments."
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About ORKT
Orangekloud Technology Inc. is a No-Code software development platform. Its segments include Sales of Packaged software solutions, Sales of No-Code platform and mobile application, and Corporate Governance. The Sales of Packaged software solutions segment offers solutions to address business operating models and requirements. It recognizes that standardized frameworks often need organizations to conform to individual processes, needs, and systems of record. The Sales of No-code platform and the mobile application segment focus on providing a development environment through a No-Code platform. The eMOBIQ platform enables organizations to speed up their enterprise application development cycle by offering an intuitive and visual interface that requires no coding. The platform includes easy-to-use navigation tools and drag-and-drop application building components, facilitating the design process, and enabling the launch of business applications in a faster and more productive manner.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Business Platform: The eMOBIQ® No-Code platform offered by Orangekloud is designed for small and medium enterprises as well as corporations, aiming to digitalize and streamline operations in key areas such as warehousing, sales ordering, delivery, and manufacturing.
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- Reverse Stock Split: The company has executed a reverse stock split over the past year, rendering it ineligible for the 180-day compliance period, which may exacerbate investor concerns regarding the company's future prospects.
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- Compliance Regained: Orangekloud Technology announced it has regained compliance with Nasdaq Capital Markets listing requirements after previously receiving a delisting notice due to its stock price being below $1.00 for 30 consecutive trading days, successfully avoiding a scheduled hearing on March 17, 2026.
- Shareholder Confidence: CEO Alex Goh stated that this compliance recovery reflects the confidence shareholders and the market have in the company's long-term vision, indicating a strong commitment to advancing business initiatives and creating shareholder value.
- Business Platform: The eMOBIQ® No-Code platform offered by Orangekloud is designed for small and medium enterprises as well as corporations, aiming to digitalize and streamline operations in key areas such as warehousing, sales ordering, delivery, and manufacturing.
- Market Focus: The company targets sectors including Food Services & Manufacturing, Precision Engineering, and Construction, striving to enhance operational efficiency through technological innovation, thereby securing a competitive edge in a challenging market.
See More
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- Acquisition Intent: Orangekloud Technology (ORKT) has signed a non-binding Letter of Intent (LOI) with New Zealand's Orbis Technology Limited, proposing to acquire Orbis and its flagship digital marketplace brand VeVe through a reverse merger transaction, structured via private issuance of ORKT shares for 100% of Orbis' issued share capital.
- Equity Structure Changes: Following the merger, Orbis co-founders and shareholders are expected to hold a majority stake in Orangekloud, while existing shareholders will retain a minority interest, ensuring the company maintains its dual-class share structure to protect the founding team's control.
- Transaction Timeline: The parties aim to finalize terms and execute a definitive agreement by February 28, 2026, indicating a sense of urgency and importance that could influence market confidence in ORKT.
- Market Reaction: Following the announcement of the acquisition intent, ORKT shares rose 2% in premarket trading, reflecting investor optimism regarding the potential benefits of the acquisition and its implications for the company's future market performance and investment appeal.
See More
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- Earnings Beat: Align Technology reported Q4 earnings of $3.29 per share, surpassing analyst expectations of $2.97, indicating a significant improvement in profitability and boosting market confidence in future growth.
- Sales Growth: The company achieved quarterly sales of $1.047 billion, exceeding the consensus estimate of $1.033 billion, demonstrating robust performance amid strong market demand.
- Stock Surge: Align's shares jumped 10.4% in pre-market trading to $178.13, reflecting a positive investor reaction to the financial results, which may attract more investor interest.
- Increased Market Confidence: This earnings beat not only enhances Align's market image but also potentially supports its future investment and expansion plans, further solidifying its leadership position in the industry.
See More
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- Delisting Notice: Orangekloud Technology received a delisting letter from Nasdaq on January 29, 2026, due to non-compliance with the $1.00 minimum bid price requirement for 30 consecutive business days, indicating a severe loss of market confidence in the company.
- Compliance Period Limitation: The company is ineligible for an additional 180-day compliance period due to a reverse stock split within the past year, which exacerbates its financial pressures and market uncertainties.
- Appeal Plans: Orangekloud intends to appeal Nasdaq's determination and request an oral hearing before the Nasdaq Hearings Panel, aiming to retain its listing status and restore investor confidence in its operations.
- Stock Price Reaction: Following the delisting announcement, ORKT shares fell 5% in after-hours trading, reflecting investor concerns about the company's future and negative expectations regarding its financial health.
See More
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- Delisting Notice: On January 29, 2026, Orangekloud received a delisting determination letter from Nasdaq due to its stock closing below $1 for 30 consecutive business days, which negatively impacts the company's market perception and fundraising capabilities.
- Reverse Stock Split: The company has executed a reverse stock split over the past year, rendering it ineligible for the 180-day compliance period, which may exacerbate investor concerns regarding the company's future prospects.
- Appeal Plan: Orangekloud intends to file an appeal with the Nasdaq Hearings Panel under Rule 5815, which, if successful, will stay the trading suspension or delisting decision, aiming to secure additional time to regain compliance.
- Compliance Plan Submission: The company will submit a written compliance plan to the Hearings Panel and request an exception to the listing standards for a limited time, with the success of this initiative directly affecting the company's ongoing operations and investor confidence.
See More
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Campbell's Co Earnings Report: Campbell's Co reported better-than-expected Q1 earnings of 77 cents per share, surpassing the analyst estimate of 73 cents, along with quarterly sales of $2.677 billion, exceeding the expected $2.657 billion.
Notable Stock Movements: Netcapital Inc saw a significant increase of 90% in its shares, while Exicure Inc surged 68% after positive trial results. Conversely, Top Wealth Group Holding Ltd's shares plummeted 69% following a public offering announcement.
Global Market Trends: European shares were mixed, with the eurozone's STOXX 600 down 0.1%, while Asian markets mostly closed lower, with Japan's Nikkei slightly up by 0.14% and Hong Kong's Hang Seng down 1.29%.
See More
