Onfolio Holdings, Inc (ONFO): Nasdaq/NYSE listing notice — Onfolio receives Nasdaq extension until Oct 21, 2024 to regain $1.00 bid price compliance

Onfolio Holdings, Inc

Previously disclosed Nasdaq deficiency notice from Oct 25, 2023 for bid price below $1.00 for 30 consecutive days.
Extension granted until Oct 21, 2024; must close at $1.00 or higher for 10 consecutive business days.
If not cured, Nasdaq will issue delisting notice; company may appeal to a hearings panel.
No assurance the company will regain compliance or maintain other Nasdaq listing standards.

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 0.98

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

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

April 23, 2024, Nasdaq’s Listing Qualifications Staff notified the Company that it has extended the time period for the Company to regain compliance with the Minimum Bid Requirement until October 21, 2024. To regain compliance, the closing bid price of the Company’s common stock must be at least $1.00 or higher for a minimum of ten consecutive business days. The Company intends to continue to actively monitor the closing bid price of its common stock and will evaluate all available options to regain compliance with the Minimum Bid Requirement. If the Company does not regain compliance within t

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Onfolio Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001654954-24-004948

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