Business
OFA Group Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Los Angeles, CA, Dec. 17, 2025 (GLOBE NEWSWIRE) -- OFA Group ("OFA", the "Company", or "we") (NASDAQ: OFAL), today announced that the Company had received a notification letter (the "Notification Letter") dated December 11, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the cl
About this update from Ofa Group
[{"type":"image","alt":"OFA Group","displaySize":"","headline":null,"caption":"OFA Group","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":43,"url":"https://media.zenfs.com/en/globenewswire.com/f11d04a6e5abcd35f8e854f459e5c68a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/7_wI0nX437dtB.Q7.SOatw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTYwO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/f11d04a6e5abcd35f8e854f459e5c68a","width":300,"height":43}},"lazy":false},{"type":"text","content":"Los Angeles, CA, Dec. 17, 2025 (GLOBE NEWSWIRE) -- OFA Group ("OFA", the "Company", or "we") (NASDAQ: OFAL), today announced that the Company had received a notification letter (the "Notification Letter") dated December 11, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's ordinary shares, $0.001 par value ("Ordinary Shares") was below $1.00 per share for a period of 30 consecutive business days from October 28, 2025 to December 10, 2025.","length":765,"tagName":"p"},{"type":"text","content":"This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The Notification Letter has no immediate effect on the listing of the Company's Ordinary Shares, which will continue to trade uninterrupted on Nasdaq under the ticker "OFAL".","length":332,"tagName":"p"},{"type":"text","content":"Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until June 9, 2026 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's Ordinary Shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.","length":512,"tagName":"p"},{"type":"text","content":"In the event the Company does not regain compliance with the minimum bid price requir...