Orangekloud shares surge 19.09% intraday as company appeals Nasdaq delisting decision.

Orangekloud surged 19.09% intraday after it was revealed the company is appealing Nasdaq’s delisting decision. The exchange initiated delisting proceedings on January 29, 2026, citing a prolonged failure to meet the $1 minimum bid price requirement. While the delisting itself is typically bearish, the appeal process may signal management’s confidence in resolving compliance issues, potentially stabilizing investor sentiment. The sharp intraday rally suggests traders may be betting on a favorable outcome from the appeal, which could delay or prevent delisting, preserving the stock’s market accessibility.