SplitJul 27, 2026, 08:11 AM
OFA Group Announces 1-for-10 Share Consolidation
AI Summary
OFA Group announced a 1-for-10 share consolidation of its Class A ordinary shares, effective July 31, 2026. This action is being taken to ensure the Company maintains its listing on the Nasdaq Capital Market. The consolidation will reduce the number of outstanding Class A shares from approximately 26.37 million to 2.64 million, with no fractional shares being issued. The Class B ordinary shares remain unaffected by this change, which was approved by shareholders in May 2026.
Key Highlights
- OFA Group announced a 1-for-10 share consolidation of its Class A ordinary shares.
- The share consolidation will be effective at 12:01 a.m. Eastern Time on July 31, 2026.
- The primary purpose is to support the Company’s continued listing on the Nasdaq Capital Market.
- Outstanding Class A ordinary shares will decrease from 26,370,521 to approximately 2,637,052.
- No fractional shares will be issued; any fractional share will be rounded down to the nearest whole share.
- The Company’s Class B ordinary shares are not affected by the Share Consolidation.
- Shareholders approved the Share Consolidation at an extraordinary general meeting on May 21, 2026.
Price Impact
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