DelistingJun 12, 2026, 04:32 PM
OFA Group Gets 180-Day Nasdaq Extension for $1.00 Bid Price Rule
AI Summary
OFA Group announced it received an additional 180-calendar-day period, until December 7, 2026, to regain compliance with Nasdaq's minimum $1.00 bid price requirement. This extension was granted because the company meets other listing standards and intends to cure the deficiency, potentially through a reverse stock split. The notification has no immediate impact on the trading of its Class A ordinary shares on Nasdaq.
Key Highlights
- OFA Group received an additional 180-day period to meet Nasdaq's minimum $1.00 bid price rule.
- The new compliance deadline for the company is December 7, 2026.
- The company was initially notified of non-compliance on December 11, 2025.
- The extension was granted as OFA Group meets all other Nasdaq listing standards.
- OFA Group intends to cure the deficiency, potentially by effecting a reverse stock split.
- To regain compliance, the share price must be at least $1.00 for 10 consecutive business days.
- The notification has no immediate effect on the listing or trading of OFAL shares.
Price Impact
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