M&A - Onfolio Holdings, Inc

Form Type: 10-K

Filing Date: 2025-04-16

Corporate Action: Acquisition

Type: New

Accession Number: 000165495425004315

Filing Summary: Onfolio Holdings Inc., incorporated in Delaware, aims to acquire and grow profitable online businesses. Their business strategy focuses on acquiring small online businesses which generate annual cash flows of up to $5 million. Key aspects include developing a diversified portfolio, identifying growth opportunities, and optimizing under-utilized marketing assets. The company highlights their competitive strengths such as a skilled management team with extensive industry experience, a decentralized operational model, and a disciplined approach to acquisitions. They believe that their public company status enhances their attractiveness to sellers, offering confidentiality and certainty in closing deals. Onfolio's long-term goal is to build a strong holding company while managing risks associated with market competition and the financial positions of their acquisitions. A significant part of their strategy is to identify 'distressed' but profitable businesses to leverage growth potential.

Form Type: 8-K/A

Filing Date: 2025-02-28

Corporate Action: Acquisition

Type: Update

Accession Number: 000165495425002046

Filing Summary: Onfolio Holdings, Inc. completed the acquisition of substantially all assets of Eastern Standard, LLC, a Pennsylvania limited liability company, on October 18, 2024. This amendment to the original Form 8-K provides additional disclosures required under Item 9.01, including financial statements and pro forma financial information. The document includes the unaudited financial statements for the nine months ending September 30, 2024, and audited financial statements for the years ended December 31, 2023, and 2022. Additional pro forma financial statements are included to reflect the acquisition's impact on Onfolio's financial standing.