SplitAug 6, 2026, 08:35 AM
Onfolio Holdings Announces 1-for-50 Reverse Stock Split
AI Summary
Onfolio Holdings, Inc. announced a 1-for-50 Reverse Stock Split of its common stock, effective August 10, 2026. This action is intended to increase the stock's closing bid price above $1.00 per share to regain compliance with Nasdaq listing requirements. Following the split, the number of outstanding shares will decrease from approximately 42 million to 850,000.
Key Highlights
- Onfolio Holdings will effect a 1-for-50 Reverse Stock Split.
- The split is intended to increase the closing bid price above $1.00 per share.
- Purpose is to regain compliance with Nasdaq Listing Rule 5550(a)(2).
- The Reverse Stock Split becomes effective on August 10, 2026.
- Outstanding Common Stock will reduce from approximately 42 million to 850,000 shares.
- Fractional shares resulting from the split will be rounded up to the nearest whole share.
Price Impact
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