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confidence high
sentiment neutral
materiality 0.65
OFA Group announces 1-for-10 reverse stock split effective July 31, 2026 to maintain Nasdaq listing
OFA Group
- 1-for-10 consolidation of Class A ordinary shares effective 12:01 a.m. ET on July 31, 2026.
- Outstanding shares reduce from 26,370,521 to approximately 2,637,052; no fractional shares issued.
- Shareholder approval obtained at extraordinary general meeting on May 21, 2026.
- Class B ordinary shares unaffected; adjustments to options, warrants, and convertible securities.
- Trading symbol remains OFAL; new CUSIP number G6713S114.