Onfolio warned on Nasdaq $1 minimum bid rule
Onfolio Holdings Inc. has been notified by Nasdaq that it is out of compliance with the exchange’s $1.00 per share minimum bid price requirement.
Rhea-AI Filing Summary
Onfolio Holdings Inc. has been notified by Nasdaq that it is out of compliance with the exchange’s $1.00 per share minimum bid price requirement. The closing bid for its common stock stayed below $1.00 for 30 consecutive business days, triggering the notice.
The company has 180 calendar days, until December 29, 2026, to regain compliance by having its stock close at or above $1.00 for at least ten consecutive business days. If other listing criteria are met, Nasdaq may grant an additional 180 days, potentially requiring actions such as a reverse stock split.
Positive
- None.
Negative
- Nasdaq minimum bid-price noncompliance: Onfolio’s stock traded below the $1.00 per-share minimum for 30 consecutive business days, starting a 180-day cure period and introducing potential delisting risk if compliance is not regained.
Insights
Onfolio faces Nasdaq bid-price noncompliance with a defined cure window.
Onfolio Holdings Inc. has fallen below Nasdaq’s $1.00 minimum bid price for 30 straight business days, triggering a formal noncompliance notice. The stock remains listed for now, but the company is under a 180-day clock ending on December 29, 2026 to regain compliance.
Compliance can be restored if the closing bid reaches at least $1.00 for ten consecutive business days during this period. If Onfolio also meets initial listing standards such as market value of publicly held shares, Nasdaq may grant a second 180-day period, often tied to plans like a reverse stock split.
The company states it will monitor its share price and evaluate options to keep its Nasdaq Capital Market listing. Actual impact on shareholders depends on future price performance and whether actions such as a reverse split are implemented and prove sufficient under Nasdaq’s rules.
8-K Event Classification
Key Figures
Key Terms
NASDAQ Listing Rule 5550(a)(2) regulatory
minimum bid price financial
reverse stock split financial
Nasdaq Capital Market regulatory
FAQ
What Nasdaq issue did Onfolio Holdings Inc. (ONFO) disclose?
How long does Onfolio (ONFO) have to regain Nasdaq bid-price compliance?
What happens if Onfolio (ONFO) cannot regain compliance by December 29, 2026?
Is Onfolio’s stock still trading on the Nasdaq Capital Market after the notice?
What actions might Onfolio (ONFO) consider to regain Nasdaq listing compliance?
Which Nasdaq rule is Onfolio (ONFO) currently not meeting?
AI-generated analysis. How Rhea-AI works. Not financial advice.