OFA Group (NASDAQ: OFAL) gets Nasdaq notice on sub-$1.00 bid price
Rhea-AI Filing Summary
OFA Group reports that it has received a notice from Nasdaq stating that the closing bid price of its Class A ordinary shares has stayed below
The company has a 180‑day compliance period, until
Positive
- None.
Negative
- Nasdaq minimum bid price deficiency: OFA Group’s Class A ordinary shares traded below
$1.00 for 30 consecutive business days, triggering a Nasdaq non‑compliance notice and starting a 180‑day cure period endingJune 9, 2026 .
Insights
Nasdaq bid-price deficiency puts OFAL’s listing status at risk if not cured.
OFA Group has fallen out of compliance with Nasdaq’s minimum bid price rule because its Class A ordinary shares closed below
The company has 180 calendar days, until
If compliance is not achieved by
FAQ
What Nasdaq issue did OFA Group (OFAL) disclose in this Form 6-K?
OFA Group disclosed that Nasdaq notified the company its Class A ordinary shares failed to meet the minimum bid price requirement of
Is OFA Group (OFAL) being immediately delisted from Nasdaq?
No. The notification letter does not result in the immediate delisting of OFA Group’s Class A ordinary shares, and they will continue to trade on The Nasdaq Capital Market under the symbol "OFAL".
How long does OFA Group have to regain Nasdaq minimum bid price compliance?
OFA Group has a 180‑day compliance period, until
Can OFA Group receive more time beyond June 9, 2026 to fix the Nasdaq bid price issue?
The company may be eligible for an additional 180‑day grace period if, by
What options did OFA Group mention to cure the Nasdaq bid price deficiency?
OFA Group stated that, to cure the deficiency during a potential second compliance period, it may take actions including effecting a reverse stock split, if necessary, as part of its plan to restore compliance.
When did OFA Group’s ordinary shares start trading as Class A ordinary shares on Nasdaq?
The company reported that its ordinary shares have been redesignated as Class A ordinary shares and commenced trading on Nasdaq as Class A ordinary shares under the symbol "OFAL" on
Did OFA Group issue a press release about the Nasdaq minimum bid price notice?
Yes. On