Onfolio Provides Corporate Update: Stockholders' Equity Above Nasdaq Minimum, No Convertible Notes Outstanding
Key Highlights
- ➤Stockholders’ equity exceeds Nasdaq’s $2.5 million continued-listing minimum
- ➤No convertible notes outstanding; institutional financing facility remains in place
- ➤$450,000 Eastern Standard payment made on schedule under forbearance agreement
- ➤Board authorized reverse stock splits if needed to meet Nasdaq’s $1.00 bid requirement
- ➤Onfolio expects potentially one or two acquisitions soon, pending listing compliance
Expert Statements
Dominic Wells, CEO of Onfolio Holdings
“We've spent the last few months working through the balance sheet, and it's in a much better place,”
Dominic Wells, CEO of Onfolio Holdings
“Our equity is back above the Nasdaq minimum, we have no convertible notes outstanding, and we met the Eastern Standard payment on time.”
Dominic Wells, CEO of Onfolio Holdings
“That puts us in a stronger position to get acquisitions closed, which is where our focus is now.”
WILMINGTON, Del., Nov. 13, 2026 (GLOBE NEWSWIRE) -- Onfolio Holdings, Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) (the "Company" or "Onfolio"), an owner-operator of cash-generative online businesses, today provided a corporate update.
The Company's stockholders' equity is now above the $2.5 million minimum required for continued listing on The Nasdaq Capital Market. In October, Nasdaq granted the Company an extension until November 23, 2026 to evidence compliance with this requirement. The Company will provide the required confirmation to Nasdaq, and compliance remains subject to Nasdaq's determination.
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