OFA Group received a letter from Nasdaq Staff on June 9, 2026, granting an additional 180-day compliance period to resolve a minimum bid price deficiency. The company previously failed to maintain a $1.00 closing bid price for 30 consecutive business days, missing its initial June 9, 2026, deadline. The new compliance deadline is December 7, 2026. To regain compliance, the company may implement a reverse stock split if necessary. The company intends to monitor share prices and evaluate options to meet Nasdaq listing requirements. OFA Group is a company that trades Class A ordinary shares on the Nasdaq.
