Onfolio regains compliance with Nasdaq minimum bid price rule

Onfolio Holdings Inc. (NASDAQ: ONFO) announced it received written notification from Nasdaq confirming the company has regained compliance with the exchange's minimum bid price requirement of $1.00 per share.

The company had previously received notice from Nasdaq that its common stock failed to maintain the minimum bid price requirement under Listing Rule 5550(a)(2). Onfolio's closing bid price has remained at or above $1.00 per share for a minimum of ten consecutive business days, satisfying Nasdaq's requirement for continued listing. Nasdaq considers the matter closed.

"Maintaining our Nasdaq listing is foundational to everything we're building," said Dominic Wells, Chief Executive Officer. "With compliance restored and our recently announced $100M equity facility in place, we remain committed to executing our AI-powered acquisition and growth strategy and continuing to compound value across our portfolio to deliver value to our shareholders."

Onfolio operates as an owner-operator of online businesses, acquiring and operating companies across marketing, education, and e-commerce verticals. The company uses artificial intelligence across its operations to improve acquired businesses and develop AI-powered products.

The announcement was made through a press release statement from the Wilmington, Delaware-based company.

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