DelistingMay 29, 2026, 04:38 PM
Onfolio Holdings Receives Nasdaq Delisting Notice for Equity Non-Compliance
AI Summary
Onfolio Holdings Inc. received a notice from Nasdaq on May 26, 2026, indicating non-compliance with the minimum $2,500,000 stockholders' equity requirement for continued listing. The company's Quarterly Report showed stockholders' equity of $1,216,603 as of March 31, 2026, and it also fails to meet alternative listing standards. Onfolio has 45 days, until July 10, 2026, to submit a plan to regain compliance, with a potential extension of up to 180 days. While the notice has no immediate effect on stock trading, there is no assurance that the company will regain compliance.
Key Highlights
- Onfolio Holdings received a Nasdaq notice on May 26, 2026, for non-compliance with Listing Rule 5550(b)(1).
- The company failed to maintain the minimum $2,500,000 in stockholders' equity required for continued listing.
- Stockholders' equity was reported at $1,216,603 as of March 31, 2026.
- Onfolio also does not meet alternative listing standards of $35 million market value or $500,000 net income.
- The company has 45 calendar days, until July 10, 2026, to submit a plan to regain compliance.
- Nasdaq may grant an extension of up to 180 calendar days if the compliance plan is accepted.
- The notice does not immediately affect the listing or trading of ONFO common stock.
Price Impact
More from ONFO