OFA Group Receives Additional 180-Day Nasdaq Compliance Period; Nasdaq Confirms Company Remains Compliant with All Continued Listing Standards Other Than the Minimum Bid Price Requirement

OFA Group (Nasdaq: OFAL) received an additional 180-day Nasdaq compliance period, extending to December 7, 2026, to meet the $1.00 minimum bid price requirement under Rule 5550(a)(2).

Rhea-AI Summary

OFA Group (Nasdaq: OFAL) received an additional 180-day Nasdaq compliance period, extending to December 7, 2026, to meet the $1.00 minimum bid price requirement under Rule 5550(a)(2).

According to OFA Group, it remains compliant with all other Nasdaq continued listing standards, and its shares continue trading on the Nasdaq Capital Market.

Positive

• Nasdaq granted an additional 180-day compliance period through December 7, 2026
• Company meets all other Nasdaq continued listing standards besides minimum bid price
• OFA Group’s Class A shares continue trading on Nasdaq Capital Market under OFAL

Negative

• Company remains non-compliant with Nasdaq’s $1.00 minimum bid price requirement
• Compliance deadline set for December 7, 2026 adds timing pressure
• Regaining compliance may require a reverse stock split, if necessary

Argus Jun 12 session

-5.58% close to close Open Argus

Details

News Market Reaction – OFAL

On Jun 12, the day this news came out, OFAL closed 5.58% below the previous close.

Data tracked by StockTitan Argus for the Jun 12 session.

Key Figures

Additional compliance period: 180 calendar days Minimum bid requirement: $1.00 per share Compliance window end: December 7, 2026 +5 more

Additional compliance period

180 calendar days

Extension through December 7, 2026 to meet Nasdaq bid price rule

Minimum bid requirement

$1.00 per share

Nasdaq Listing Rule 5550(a)(2) minimum bid price

Compliance window end

December 7, 2026

Deadline to regain compliance with Nasdaq minimum bid price

Initial notice date

December 11, 2025

Nasdaq notified company after 30 days below $1.00 bid

Initial compliance period

180 days

First Nasdaq cure period that expired June 9, 2026

Required trading streak

10 consecutive business days

Days bid must be at or above $1.00 to regain compliance

Current share price

$0.249

Pre-news close relative to $1.00 Nasdaq threshold

52-week high vs price

-92.61%

Distance from 52-week high of $3.37 before compliance extension

Historical Context

5 past events · Latest: May 21

5 events

1. May 21

   U.S. issuer shift

   24h Move

   -31.1%

   Transition to U.S. domestic issuer and reaffirmed U.S.-focused growth strategy.

2. May 14

   Tokenization contract

   24h Move

   -19.4%

   $7.5M Hearth tokenization services agreement for Vero Beach residential project.

3. Apr 06

   IP realignment

   24h Move

   +2.5%

   Strategic IP co-ownership for QIKBIM, improving balance sheet and monetization terms.

4. Apr 06

   Large RWA deal

   24h Move

   -22.9%

   $15M Hearth platform fee for $1B Long Island City redevelopment tokenization.

5. Feb 02

   Platform launch

   24h Move

   +10.5%

   Hearth digitization platform declared live with 1.5% RWA service fee model.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse stock split, minimum bid price, nasdaq capital market, class a ordinary shares

4 terms

reverse stock split financial

"its intention to cure the deficiency ... by effecting a reverse stock split, if necessary."

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

minimum bid price regulatory

"to regain compliance with the minimum $1.00 bid price per share requirement"

The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.

nasdaq capital market regulatory

"initial listing on the Nasdaq Capital Market, with the bid price requirement"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

class a ordinary shares financial

"the closing bid price of its Class A ordinary shares had been below $1.00"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Torrance, California, June 12, 2026 (GLOBE NEWSWIRE) -- OFA Group (Nasdaq: OFAL) (“OFA” or the “Company”) today announced that it has received notice from the Nasdaq Listing Qualifications Department granting the Company an additional 180-calendar-day period, through December 7, 2026, to regain compliance with the minimum $1.00 bid price per share requirement under Nasdaq Listing Rule 5550(a)(2).

Nasdaq’s determination to grant the second compliance period was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market, with the bid price requirement being the sole exception, and the Company’s written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.

As previously disclosed, on December 11, 2025, the Company was notified that the closing bid price of its Class A ordinary shares had been below $1.00 per share for 30 consecutive business days, and was provided an initial 180-day compliance period that expired on June 9, 2026.

To regain compliance, the closing bid price of the Company’s Class A ordinary shares must be at least $1.00 per share for a minimum of 10 consecutive business days at any time before December 7, 2026.

The notification has no immediate effect on the listing or trading of the Company’s Class A ordinary shares, which continue to trade on the Nasdaq Capital Market under the symbol “OFAL.” The Company intends to monitor the bid price of its shares and will take the actions necessary to regain compliance within the second compliance period.

About OFA Group

OFA Group (Nasdaq: OFAL) is an integrated architecture and technology company operating across architectural design, design technology, and real-world asset tokenization Headquartered in Los Angeles, the Company operates across North America, Europe, and Asia, and focuses on developing scalable technology solutions at the intersection of the built environment and financial innovation.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s intention to regain compliance with Nasdaq’s minimum bid price requirement and the potential implementation of a reverse stock split. These statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied by such statements. Important factors that could cause actual results to differ materially include, among others, those described under “Risk Factors” and elsewhere in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its most recent annual report and subsequent filings, which are available on the SEC’s website at www.sec.gov. There can be no assurance that the Company will regain compliance with the minimum bid price requirement or maintain compliance with other Nasdaq listing requirements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statement except as required by law.

Contact

Investor Relations
OFA Group
Email: info@ofagroup.com
Website: www.ofagroup.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq decision did OFA Group (OFAL) announce on June 12, 2026?

Nasdaq granted OFA Group an additional 180-day period, through December 7, 2026, to regain compliance with the $1.00 minimum bid price requirement. According to OFA Group, this follows an initial compliance window that expired on June 9, 2026.

Why is OFA Group (OFAL) out of compliance with Nasdaq listing standards?

OFA Group is currently out of compliance only with Nasdaq’s $1.00 minimum bid price requirement. According to OFA Group, its Class A shares traded below $1.00 for 30 consecutive business days, triggering the initial Nasdaq notice on December 11, 2025.

What must OFA Group (OFAL) do to regain Nasdaq bid price compliance by December 7, 2026?

To regain compliance, OFA Group’s Class A shares must close at or above $1.00 for at least 10 consecutive business days before December 7, 2026. According to OFA Group, it may effect a reverse stock split if necessary.

How does the new Nasdaq compliance period affect trading of OFA Group (OFAL) shares?

The Nasdaq notice has no immediate effect on OFA Group’s listing or trading status. According to OFA Group, its Class A ordinary shares continue to trade on the Nasdaq Capital Market under the ticker symbol OFAL during the second compliance period.

Is OFA Group (OFAL) compliant with other Nasdaq continued listing standards?

Yes, OFA Group reports it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards. According to OFA Group, the minimum bid price is currently the sole remaining compliance deficiency.

What actions might OFA Group (OFAL) take to cure its Nasdaq bid price deficiency?

OFA Group intends to monitor its share price and take necessary actions within the second compliance period. According to OFA Group, this may include implementing a reverse stock split to help achieve the required $1.00 minimum bid price.