Onfolio Holdings Announces 1-For-50 Reverse Stock Split To Regain Nasdaq Compliance; Reducing Float To Approximately 850,000 Shares
Onfolio Holdings will effect a 1-for-50 reverse stock split effective August 10, 2026, to regain compliance with Nasdaq listing rules requiring a minimum bid of $1.00. The reverse split reduces the number of outstanding shares from approximately 42 million to roughly 850,000 shares, with the par value remaining unchanged at $0.001.
Key figures
- Par value
- 0.001
- Pre split shares
- 42000000
- Target bid price
- 1
- Post split shares
- 850000
- Reverse split ratio
- 1-for-50
AI analysis
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