OFA Group will reduce its outstanding Class A shares from 26.37M to 2.63M via a 1-for-10 consolidation on Nasdaq.
OFA Group (OFAL) will consolidate its Class A ordinary shares at a 1-for-10 ratio, effective July 31, 2026. The move will reduce the company’s issued and outstanding shares from 26.37 million to approximately 2.63 million.
Shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market at the market open on the effective date. The consolidation follows standard corporate actions aimed at adjusting share structure without altering market capitalization.
No immediate market reaction was disclosed in the announcement.