S&P 500 rises as health care, tech gain to overshadow Fed independence concerns
Orangekloud Technology Inc., a prepackaged software services company, has regained compliance with the Nasdaq’s minimum market value requirement. On Monday, the company received confirmation from the Nasdaq Stock Market that it meets the alternative minimum $2.5 million stockholder’s equity requirement, based on its annual report for the year ended December 31, 2024. This closes the compliance issue that was previously reported on December 13, 2024, when Orangekloud was notified of not meeting the minimum market value of listed securities of $35 million.
The company’s Chief Executive Officer, Goh Kian Hwa, signed the SEC form 6-K report, indicating that the matter is now resolved. The form 6-K is a report of foreign private issuers pursuant to rules 13a-16 or 15d-16 under the Securities Exchange Act of 1934. Orangekloud Technology Inc. is incorporated in Singapore and has its principal executive offices located at 1 Yishun Industrial Street 1, Aposh Building Bizhub, Singapore.
This announcement is based on the information contained in a Form 6-K report filed with the Securities and Exchange Commission today. The filing ensures that investors are kept informed about the company’s compliance status with the rules and regulations of the Nasdaq Stock Market where its securities are listed and traded.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.