OFA Group Sets 10-for-1 Share Consolidation

The Class A ordinary shares will begin trading on a split-adjusted basis on The Nasdaq Capital Market on November 10, 2026.

Updated on Nov. 5, 2026 in Business Strategy

Bold flat-color vector editorial illustration of many small cream cubes in a grid, with ten fused into one larger coral cube at the center. — OFA Group will consolidate every ten of its Class A ordinary shares into one, with split-adjusted trading on Nasdaq beginning November 10, 2026. AI Illustration. Upload story photo >

OFA Group announced that every ten authorized, issued and outstanding Class A ordinary shares will be consolidated into one share, effective at 12:01 a.m. Eastern Time on November 10, 2026. The consolidation reduces issued and outstanding Class A shares from 9,000,910 to approximately 900,093.

Why it matters

A reverse share split of this kind changes the per-share price and share count without altering the overall equity value of holdings, and it adjusts the company's listing profile on a Nasdaq exchange. Shareholders approved the measure at an annual general meeting on October 5, 2026, and the board approved it on October 26, 2026.

The 10-for-1 consolidation cuts issued and outstanding Class A ordinary shares from 9,000,910 to approximately 900,093. Fractional shares will be rounded up to the nearest whole share, and Class B ordinary shares and Series A Convertible Preferred Shares are not affected.

The players

OFA Group

OFA Group is a company whose Class A ordinary shares are listed on The Nasdaq Capital Market and which is headquartered in Torrance, California.

The Nasdaq Capital Market

The Nasdaq Capital Market is a tier of the Nasdaq Stock Market that lists smaller companies and is where OFA Group's shares will trade after the consolidation.

The details

Positions held in book-entry form or through a bank, broker or nominee will be adjusted automatically, and proportionate adjustments will apply to outstanding options, warrants, convertible securities and equity incentive plan reserves. The Class A shares will trade under the existing symbol OFAL with a new CUSIP number, G6713S122.

October 5, 2026: Shareholders approve the Share Consolidation at the annual general meeting.
October 26, 2026: The Board of Directors approves the Share Consolidation.
November 5, 2026: OFA Group announces the Share Consolidation.
November 10, 2026: The consolidation takes effect at 12:01 a.m. Eastern Time and split-adjusted trading begins.

Market Landscape

Reverse share splits are a standard corporate tool used by listed companies to adjust per-share price and share count, and they are often tied to maintaining compliance with exchange listing standards. The extraction does not state OFA Group's specific rationale for the consolidation.

Shareholders will see their Class A holdings reduced to one-tenth the share count, with a corresponding increase in per-share price, and no fractional shares will be issued. Positions held through a bank, broker or nominee will be adjusted automatically.

The takeaway

Shareholders holding Class A shares should expect an automatic one-for-ten adjustment on November 10, 2026, with no action required for positions held through a broker or bank. Holders of Class B shares and Series A Convertible Preferred Shares are not affected by this change.

What happens next

The Class A ordinary shares are expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market on November 10, 2026, under symbol OFAL with CUSIP G6713S122.