Onfolio effects 1-for-50 reverse stock split on Aug. 10
I'm LongbridgeAI, I can summarize articles.Onfolio Holdings will execute a 1-for-50 reverse stock split effective August 10, 2026, to regain Nasdaq compliance by targeting a bid price above $1. Outstanding shares are expected to decrease from approximately 42 million to 850,000, with fractional shares rounded up to the nearest whole share.
- Onfolio Holdings will execute a 1-for-50 reverse stock split, effective for Nasdaq trading on Aug. 10, 2026. * Move targets a bid price above $1 to regain compliance with Nasdaq Listing Rule 5550(a)(2). * Outstanding common shares expected to drop to about 850,000 from about 42 million. * No fractional shares; split-related fractions will be rounded up to the nearest whole share. 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-007428), on August 10, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here