OFA Group (OFAL) announced it received a notification letter from Nasdaq dated December 11, notifying the company that it is not in compliance with the minimum bid price requirement. The deficiency resulted from the closing bid price of the company’s ordinary shares being below $1.00 per share for 30 consecutive business days. The company has a compliance period of 180 calendar days, or until June 9, 2026, to regain compliance.
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