Onfolio Holdings announces 1-for-50 reverse stock split to regain Nasdaq compliance
I'm LongbridgeAI, I can summarize articles.Onfolio Holdings announced a 1-for-50 reverse stock split effective August 10, 2026, to regain Nasdaq compliance with the $1 minimum bid price rule. The move reduces share count from ~42 million to ~850,000, while the ticker remains ONFO. Fractional shares will be rounded up, and a new CUSIP is assigned.
- Onfolio Holdings to execute a 1-for-50 reverse stock split, effective for Nasdaq trading on Aug. 10, 2026. * Move targets Nasdaq $1 minimum bid compliance, seeking to regain compliance with Listing Rule 5550(a)(2). * Share count expected to drop to about 850,000 from about 42 million; ticker remains ONFO. * Fractional shares will be rounded up; new CUSIP for the common stock will be 68277K 405. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Onfolio Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608060830PRIMZONEFULLFEED9805044) on August 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)