Onfolio Holdings, Inc (ONFO): Nasdaq/NYSE listing notice — Onfolio receives Nasdaq delisting notice for bid price below $1.00

Onfolio Holdings, Inc

Notice dated Oct 25, 2023: closing bid price below $1.00 for 30 consecutive business days.
Company has 180 days (until April 22, 2024) to regain compliance by closing at $1.00+ for 10 consecutive days.
If not compliant by April 22, 2024, may qualify for an additional 180-day period if other listing standards are met.
Company will consider all available options, including a potential reverse stock split, to regain compliance.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Onfolio Holdings, Inc received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

October 25, 2023, Onfolio Holdings Inc. (the “ Company ”) received a written notification (the “ Notice ”) from the Listing Qualifications Staff of The NASDAQ Stock Market (“ NASDAQ ”) stating that the Company is not in compliance with NASDAQ Listing Rule 5550(a)(2) because for the last 30 consecutive business days the closing bid price of the Company’s common stock was below the $1.00 per share minimum required for continued listing on NASDAQ. The Notice has no immediate effect on the listing or trading of the Company’s common stock on the NASDAQ Capital Market. As stated in the Notice, NASDA

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Onfolio Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001654954-23-013475

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