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Nasdaq grants Onfolio extension until Nov 23 to regain $2.5M equity compliance
ONFOOnfolio Holdings, Inc
Nasdaq granted Onfolio Holdings an extension until November 23, 2026, to regain compliance with Listing Rule 5550(b), which requires a minimum stockholders' equity of $2.5 million. The exchange previously notified the company in May that it failed this requirement and alternative standards based on market value or net income. Onfolio must file an 8-K evidencing compliance by the deadline; failure to do so may trigger a delisting notification, subject to appeal. Nasdaq will continue monitoring ongoing compliance. Onfolio Holdings acquires and operates cash-generative online businesses in marketing, education, and e-commerce.