Onfolio Holdings will execute a 1-for-50 reverse stock split on August 10, 2026, to regain compliance with Nasdaq’s minimum $1.00 bid price requirement for continued exchange listing.
Key Points
- Onfolio Holdings (NASDAQ:ONFO) is implementing a 1-for-50 reverse stock split effective August 10, 2026.
- The action aims to satisfy Nasdaq Listing Rule 5550(a)(2), which mandates a minimum $1.00 closing bid price.
- Outstanding common shares will decrease from approximately 42 million to roughly 850,000 following the transaction.
- Fractional shares resulting from the split will be rounded up to the nearest whole share.
- The company will continue trading under the existing ONFO ticker on a split-adjusted basis.