No-Code Firm Orangekloud Updates Merger

The proposed deal is a reverse merger, which would result in VeVe's parent company, Orbis Technology, becoming the majority owner of the publicly-listed Orangekloud. This strategic move would pivot Orangekloud from its current focus on no-code app development for SMEs towards the rapidly growing digital collectibles and IP monetization sector. VeVe, founded in 2018 by David Yu and Dan Crothers, operates a mobile-first marketplace for licensed digital collectibles, often called NFTs. The platform has partnerships with major brands like Disney, Marvel, DC, and Star Wars, allowing users to buy, sell, and trade 3D digital replicas of iconic characters and items. The merger hit a slight delay, with both parties needing more time to finalize the definitive agreement, which was initially targeted for around February 28, 2026. Both Orangekloud and Orbis have stated they remain committed to the transaction and that negotiations are constructive. This merger update comes shortly after Orangekloud resolved a significant issue with its Nasdaq listing. The company had received a delisting determination notice on February 4, 2026, because its stock had closed below the minimum $1.00 bid price for 30 consecutive business days. Orangekloud was not eligible for the standard 180-day compliance period due to a reverse stock split within the previous year. However, the company's share price recovered, and it has since regained full compliance with all Nasdaq listing requirements, cancelling a hearing that was scheduled for March 17, 2026. The New Zealand-based Orbis Technology provides the underlying global IP infrastructure for VeVe, enabling brands to issue, authenticate, and monetize these licensed digital assets at scale. The VeVe platform itself focuses on a user-friendly experience, allowing purchases with an in-app currency called "Gems" rather than directly with cryptocurrency, aiming for mass-market adoption. VeVe's collectibles are more than static images; they are often 3D models that can be viewed and interacted with in augmented reality, allowing collectors to create virtual showrooms and share their collections on social media. The platform also launched VeVe Comics, offering digital versions of new comics from publishers like Marvel the same day they are released in print.