RegulatoryJun 12, 2026, 08:12 AM
OFA Group Gets Nasdaq Extension to Regain $1.00 Bid Price Compliance
AI Summary
OFA Group announced it has received an additional 180-day period from Nasdaq, extending its deadline to regain compliance with the minimum $1.00 bid price requirement until December 7, 2026. The company was initially notified of non-compliance on December 11, 2025, with the first compliance period ending on June 9, 2026. Nasdaq granted the extension based on OFA Group meeting other listing requirements and its intention to cure the deficiency, if necessary, through a reverse stock split. The company's shares continue to trade on the Nasdaq Capital Market.
Key Highlights
- OFA Group granted an additional 180-calendar-day period by Nasdaq to regain compliance.
- New compliance deadline is December 7, 2026, for the $1.00 minimum bid price requirement.
- Company was initially notified of non-compliance on December 11, 2025.
- Initial 180-day compliance period expired on June 9, 2026.
- OFA Group intends to cure the deficiency, potentially via a reverse stock split.
- Closing bid price must be at least $1.00 for 10 consecutive business days to regain compliance.
- The notification has no immediate effect on the listing or trading of OFAL shares.
Price Impact
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