Orangekloud Technology Appoints Mr. Toh Puay-Yong as Chief Financial Officer
New CFO Appointment: Orangekloud Technology Inc. has appointed Mr. Toh Puay-Yong as the new Chief Financial Officer, replacing Ms. Shally Ang, who resigned for personal reasons. Mr. Toh has been with the company since 2017 and previously covered CFO duties during Ms. Ang's maternity leave.
Company Overview: Orangekloud Technology Inc. is a Singapore-based tech firm that provides the eMOBIQ® No-Code platform for mobile application development aimed at small and medium enterprises, streamlining various business processes across multiple industries.
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Orangekloud Technology Signs LOI to Acquire Orbis Technology
- 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.
Align Technology Reports Strong Q4 Earnings Beat
- 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.
Orangekloud Technology Faces Nasdaq Delisting
- 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.
Orangekloud Faces Nasdaq Delisting Risk
- 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.
Dow Rises More Than 100 Points as Campbell's Reports Positive Earnings
U.S. Stock Market Performance: U.S. stocks showed mixed results, with the Dow Jones rising 0.25% while the NASDAQ and S&P 500 fell by 0.31% and 0.02%, respectively. Energy shares increased by 1.1%, while communication services stocks dropped by 0.5%.
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%.
Mama's Creations Stock Rises Over 13%; Check Out 20 Stocks Making Moves in Premarket Trading
Mama's Creations Inc Performance: Shares of Mama's Creations Inc rose 13.3% in pre-market trading after reporting third-quarter earnings of 1 cent per share, surpassing analyst expectations of a loss of 2 cents, along with sales of $47.269 million exceeding the $43.203 million estimate.
Other Notable Gainers: Several stocks saw significant gains in pre-market trading, including Alphatime Acquisition Corp (up 388.8%), Exicure Inc (up 103.4%), and Netcapital Inc (up 88.5%), driven by positive news such as merger approvals and favorable trial results.
Stocks Experiencing Losses: Conversely, Top Wealth Group Holding Ltd experienced a sharp decline of 49.3% after a previous surge, along with other companies like Orangekloud Technology Inc and Biodexa Pharmaceuticals PLC, which fell 36.1% and 17.2%, respectively.
Market Movements: Ares Management Corp will replace Kellanova in the S&P 500, while Sezzle Inc will replace Vital Energy in the S&P SmallCap 600, indicating ongoing shifts in market indices.
Orangekloud Technology Signs LOI to Acquire Orbis Technology
- 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.
Align Technology Reports Strong Q4 Earnings Beat
- 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.
Orangekloud Technology Faces Nasdaq Delisting
- 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.
Orangekloud Faces Nasdaq Delisting Risk
- 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.
Dow Rises More Than 100 Points as Campbell's Reports Positive Earnings
U.S. Stock Market Performance: U.S. stocks showed mixed results, with the Dow Jones rising 0.25% while the NASDAQ and S&P 500 fell by 0.31% and 0.02%, respectively. Energy shares increased by 1.1%, while communication services stocks dropped by 0.5%.
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%.
Mama's Creations Stock Rises Over 13%; Check Out 20 Stocks Making Moves in Premarket Trading
Mama's Creations Inc Performance: Shares of Mama's Creations Inc rose 13.3% in pre-market trading after reporting third-quarter earnings of 1 cent per share, surpassing analyst expectations of a loss of 2 cents, along with sales of $47.269 million exceeding the $43.203 million estimate.
Other Notable Gainers: Several stocks saw significant gains in pre-market trading, including Alphatime Acquisition Corp (up 388.8%), Exicure Inc (up 103.4%), and Netcapital Inc (up 88.5%), driven by positive news such as merger approvals and favorable trial results.
Stocks Experiencing Losses: Conversely, Top Wealth Group Holding Ltd experienced a sharp decline of 49.3% after a previous surge, along with other companies like Orangekloud Technology Inc and Biodexa Pharmaceuticals PLC, which fell 36.1% and 17.2%, respectively.
Market Movements: Ares Management Corp will replace Kellanova in the S&P 500, while Sezzle Inc will replace Vital Energy in the S&P SmallCap 600, indicating ongoing shifts in market indices.
