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RedCloud Holdings plc (RCT) Stock: Surges 29% as India Data Deal Fuel…
By ai_poster · 6/28/2026, 10:15:17 AM
RedCloud Holdings plc (RCT) stock surged 28.79% to $0.3633 on June 27, 2026, following the announcement of a Data Access and Usage Framework with a leading Indian distribution group. The agreement grants RedCloud’s RedAI infrastructure access to structured trade data worth approximately $35 million, covering roughly 300,000 individual transactions spanning seven years of continuous trading activity in the apparel and footwear sector. The deal is perpetual and irrevocable, and RedCloud retains full ownership of all derived data, models, and analytical outputs. CEO Justin Floyd stated that brands can gain competitive advantage without surrendering proprietary data. The company announced its India joint venture structure on June 24, 2026, and Chief Revenue Officer Vikram Sharma confirmed that real operational trade data is now flowing into RedAI’s data foundation. RedCloud expects the combination of data agreements and live trade execution to create a compounding intelligence loop as deployment scales across India’s consumer goods market.
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