Orangekloud Technology Inc. (ORKT) is in a major transitional phase. While its core business operates as a small-scale provider of No-Code mobile application development (eMOBIQ) and ERP solutions in Singapore, the company has signed a non-binding Letter of Intent (LOI) for a transformative reverse merger with New Zealand-based Orbis Technology Limited (owner of the VeVe digital collectibles marketplace). If completed, this transaction will pivot the company's focus toward digital IP assets and licensed collectibles, resulting in Orbis shareholders holding a majority stake and significantly diluting current ORKT shareholders. Although the company recently regained compliance with Nasdaq's minimum bid price rule, its historical operating losses, small revenue base, and the high uncertainty surrounding the final terms of the reverse merger warrant a cautious Hold recommendation.