RedCloud Holdings plc

Snapshot

RedCloud is a tiny software company connecting retailers and FMCG brands in emerging markets. Revenue grew modestly to $48.5M in FY 2025, but the company lost $46.2M and burned $40.1M in free cash flow, against only $479K in cash.

What's Happening Right Now

• Thu 27th Aug '26 · Offering: Raised $1.80M in gross proceeds through a private placement (PIPE).
• Thu 20th Aug '26 · Nasdaq notice: RedCloud reiterated a Nasdaq notification that it falls below the $35M minimum market value requirement, with a cure period running until February 8, 2027 before a delisting notice could follow.
• Thu 30th Jul '26 · Liquidity/CFO exit: RedCloud filed to sell up to $6.7M of shares on the open market, disclosed cash would only last through the end of that month, and its CFO resigned effective July 31, 2026.
• Wed 29th Jul '26 · Going concern: RedCloud's amended annual report disclosed material weaknesses in accounting controls and reiterated auditors' substantial doubt about the company's ability to continue as a going concern given 2025 losses of $46.2M.
• Wed 24th Jun '26 · New deal: RedCloud signed a 20-year India joint venture with Dheer Marketing worth up to $120M, its first expansion into Asia and into apparel and footwear categories.
• Wed 24th Jun '26 · Registration: Registered $100.00M of securities for sale on Form F-3.
• Tue 23rd Jun '26 · Registration: Registered 50.00M shares for sale on Form S-1.
• Thu 18th Jun '26 · Dilution: RedCloud amended its February 2026 convertible notes, increasing the principal to about $4.99M and cutting the conversion price to $0.57, a dilutive move for existing shareholders.