Onfolio Holdings Faces Nasdaq Delisting Warning

TL;DR

Nasdaq says ONFO might get kicked off unless they can get the stock price above $1 by Dec 23.

AI Summary

Onfolio Holdings, Inc. announced on June 25, 2024, that it received a notice from the Nasdaq Stock Market indicating a failure to meet the minimum bid price requirement for continued listing. The company has 180 calendar days, until December 23, 2024, to regain compliance by achieving a minimum closing bid price of $1.00 per share for at least 10 consecutive business days.

Why It Matters

This delisting warning could negatively impact Onfolio's stock liquidity and investor confidence, potentially making it harder to raise capital.

Risk Assessment

Risk Level: high — The company is at high risk because it has received a formal delisting notice from Nasdaq for failing to meet the minimum bid price requirement.

Key Numbers

• 180 — Days to regain compliance (The company has this many days to meet the minimum bid price requirement.)
• $1.00 — Minimum bid price (The stock price must close at or above this amount for 10 consecutive business days.)

Key Players & Entities

• Onfolio Holdings, Inc. (company) — Registrant
• Nasdaq Stock Market (company) — Listing Exchange
• June 25, 2024 (date) — Notice Date
• December 23, 2024 (date) — Compliance Deadline
• $1.00 (dollar_amount) — Minimum Bid Price Requirement

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share ONFO Nasdaq Cap
• $1.00 — iled to maintain a minimum bid price of $1.00 over the previous 30 consecutive busine

Filing Documents

• onfo_8k.htm (8-K) — 27KB
• 0001654954-24-008235.txt ( ) — 167KB
• onfolio-20240625.xsd (EX-101.SCH) — 6KB
• onfolio-20240625_lab.xml (EX-101.LAB) — 16KB
• onfolio-20240625_cal.xml (EX-101.CAL) — 1KB
• onfolio-20240625_pre.xml (EX-101.PRE) — 12KB
• onfolio-20240625_def.xml (EX-101.DEF) — 4KB
• onfo_8k_htm.xml (XML) — 6KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On June 25, 2024 Onfolio Holdings Inc. (the "Company") received notice from The NASDAQ Stock Market that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. Since then, Staff has determined that for the last 10 consecutive business days, from June 10 to June 24, 2024, the closing bid price of the Company's common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.

01. Other Events

Item 8.01. Other Events. The disclosure contained in Item 3.01 of this Current Report on Form 8-K is incorporated by reference in this Item 8.01.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (formatted as Inline XBRL) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ONFOLIO HOLDINGS INC. Date: June 26, 2024 By: /s/ Dominic Wells Dominic Wells, Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR