Nasdaq Extends Onfolio's Equity Compliance Deadline to Nov. 23
ONFO is trading near its 52-week low of $0.765 (9.7% above the low).
Summary
Nasdaq granted Onfolio an extension until November 23, 2026 to regain compliance with Listing Rule 5550(b), which requires minimum stockholders' equity of $2.5 million. The extension letter dated October 5, 2026 requires Onfolio to regain compliance by November 23, 2026 and file an 8-K evidencing compliance. The company remains noncompliant, and failure to cure by the deadline could trigger a delisting notice, appealable to a Nasdaq Hearings Panel. Delisting may occur if compliance is not evidenced in the FY2026 periodic report. This follows the original deficiency notice in July and the 1-for-50 reverse split in August, which addressed the bid price rule but not the equity requirement. The extension buys time but does not resolve the underlying balance sheet shortfall.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Nasdaq's extension letter dated October 5, 2026 requires Onfolio to regain compliance by November 23, 2026 and file an 8-K evidencing compliance; delisting may occur if compliance is not evidenced in the FY2026 periodic report.
At the time of this announcement, ONFO was trading at $0.84 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.1M. The 52-week trading range was $0.77 to $123.92. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.