Key Highlights

  • RedCloud Holdings (NASDAQ:RCT) was down 33.10 percent to USD 0.0386 in pre-market trading on November 2, 2026; Nasdaq issued a Staff Delisting Determination on October 13, 2026.
  • HUB Cyber Security (NASDAQ:HUBC) was down 17.11 percent to USD 0.0940; its Nasdaq compliance period runs to March 22, 2027.
  • SHF Holdings (NASDAQ:SHFS) was down 12.08 percent to USD 0.0546; it signed a non-binding Merger term sheet with Opifex Media on October 26, 2026.
  • FingerMotion (NASDAQ:FNGR) was down 12.07 percent to USD 0.0991; a non-binding term sheet with BlueFlare would give BlueFlare holders about 80 percent.
  • Jiade (NASDAQ:JDZG) was down 28.67 percent to USD 0.6678 after violent swings in late October 2026.

RedCloud Holdings (NASDAQ:RCT): Delisting Appeal and a Reverse Split

RedCloud Holdings (NASDAQ:RCT) was down 33.10 percent to USD 0.0386 in pre-market trading on November 2, 2026, extending a slide of roughly two thirds over the preceding month. No single announcement dated that day was identified. The pressure appears tied to recent filings on listing compliance, a reverse split and related-party share issuance.

Nasdaq issued a Staff Delisting Determination on October 13, 2026, and the company appealed the next day, which stays any delisting while a Hearings Panel reviews the matter. Shareholders approved a share consolidation on October 30, 2026. Half-year Revenue rose 34 percent to USD 24.0 million. Cash of about USD 767 thousand against a stockholders' Deficit of about USD 20.6 million leaves little cushion for this penny stock.

HUB Cyber Security (NASDAQ:HUBC): A Run of Reverse Splits

HUB Cyber Security (NASDAQ:HUBC) was down 17.11 percent to USD 0.0940 in pre-market trading on November 2, 2026. No fresh press release or filing dated late October or that day was identified as a clear catalyst. The decline appears to sit against a backdrop of listing pressure and repeated share consolidations.

Nasdaq notified the company on September 23, 2026 that it falls short of the USD 35 million Market Value of listed securities requirement, with a compliance deadline of March 22, 2027. The company announced three reverse splits during 2026. On August 4, 2026, it agreed to divest the QPoint Group for about USD 8.7 million, with proceeds earmarked for creditor obligations.

SHF Holdings (NASDAQ:SHFS): Giving Back Gains After a Merger Plan

SHF Holdings (NASDAQ:SHFS) was down 12.08 percent to USD 0.0546 in pre-market trading on November 2, 2026. No new announcement dated that day was identified, so the decline follows two recent disclosures. On October 20, 2026, Nasdaq granted an additional 180-day bid price compliance period, and on October 26, 2026, the company announced a merger term sheet.

The term sheet with Opifex Media Inc. would give Opifex holders 85 percent of the combined company and Safe Harbor Stakeholders 15 percent on a fully diluted basis. It is non-binding apart from provisions such as exclusivity and confidentiality, and the company said there can be no assurance that a definitive agreement will be signed. The bid price deadline is April 19, 2027.

FingerMotion (NASDAQ:FNGR): The BlueFlare Power Deal

FingerMotion (NASDAQ:FNGR) was down 12.07 percent to USD 0.0991 in pre-market trading on November 2, 2026. The latest disclosure identified was the term sheet announced on October 29, 2026, and no separate announcement dated that day was found. The move therefore looks like a continuation of trading around the merger news.

The non-binding term sheet covers a Business combination with BlueFlare Group Holdings Inc. If completed, the company would be renamed BlueFlare Inc. BlueFlare holders and certain management and advisory parties would hold about 80 percent, which implies roughly 20 percent for current FingerMotion holders (calculated). The press release contained no financial statements or valuation figures, and the company said there is no assurance the deal will close.

Jiade (NASDAQ:JDZG): A Wild Week in a Thin Float

Jiade (NASDAQ:JDZG) was down 28.67 percent to USD 0.6678 in pre-market trading on November 2, 2026. No company press release or filing explaining the move was identified. The pattern points to sentiment and thin trading rather than a disclosed catalyst.

On October 28, 2026, the shares opened near USD 6.30 and hit an intraday low near USD 1.17 before closing around USD 1.50, according to market data. Revenue for 2025 was about RMB 25.7 million, roughly USD 3.7 million, according to the company's annual report, and about 0.93 million shares are outstanding (calculated).

Where Things Stand

These five penny stocks fell for different reasons, but they share thin liquidity, sub-dollar or near sub-dollar prices and exposure to dilution. Four are tied to listing pressure or merger terms that remain non-binding or unresolved, while Jiade has no identified catalyst at all. Items to watch include the RedCloud Hearings Panel outcome and consolidation date, the HUB Cyber Security compliance deadline, any definitive FingerMotion agreement and any filing that explains the Jiade volatility.