OFA Group announces 10-for-1 reverse stock split effective Nov. 10
Torrance, California - OFA Group (NASDAQ:OFAL) has announced plans to execute a 10-for-1 reverse stock split on November 10, 2026, according to a press release. The consolidation will result in the reduction of outstanding Class A ordinary shares from 9,000,910 to approximately 900,093, subject to rounding. Each ten Class A ordinary shares will be merged into a single share, with no fractional shares issued.
Shareholders were already in agreement at an annual general meeting on October 5, 2026, and the Board of Directors approved the move on October 26, 2026. The reverse split will not impact Class B ordinary shares, Series A Convertible Preferred Shares, or those held in book-entry form. OFA Group, through its subsidiary Office for Fine Architecture Limited, offers architectural design and fit-out services for commercial and residential properties.
Investors can assess the potential effects of the reverse split on OFAL's valuation on InvestingPro, which provides advanced financial metrics and tools for analyzing corporate actions.
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