Onfolio regains compliance with Nasdaq

Onfolio (ONFO) announced that it has received written notification from Nasdaq confirming that the company has regained compliance with Nasdaq Listing Rule 5550, which, among other things, requires a minimum closing bid price of $1.00 per share. The company had previously received notice from Nasdaq that its common stock had failed to maintain the minimum bid price requirement. Since that notification, the company’s closing bid price has remained at or above $1.00 per share for a minimum of ten consecutive business days, satisfying Nasdaq’s minimum bid price requirement for continued listing. Nasdaq considers the matter closed at this time.