Onfolio Holdings Inc. Acquires RevenueZen Business [Yahoo! Finance]
Onfolio Holdings Inc. (ONFO)
Company Research
Source: Yahoo! Finance
acquires and manages a diversified portfolio of online businesses across a broad range of verticals, today announced that it has closed on an asset purchase agreement (the "Agreement") with RevenueZen LLC, an Oregon limited liability company ("RevenueZen"), whereby the Company's subsidiary RevenueZen LLC, a Delaware limited liability company ("RevenueZen Delaware"), acquired substantially all of RevenueZen's business assets for a total purchase price of $1,105,000, consisting of $240,000 in cash at closing, $425,000 in Onfolio Series A Preferred Shares, and a $440,000 11% secured promissory note due December 31, 2025. In addition, five RevenueZen founders received a total of a 12% roll-over equity interest from RevenueZen Delaware, and they will serve in leadership roles with RevenueZen Delaware team. Also, certain of the founders received a total of 270,000 non-qualified stock options to purchase Onfolio common shares at $0.51 per share. RevenueZen was launched in 2017 and began as
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ONFO
News
- Onfolio Holdings Full Year 2023 Earnings: US$1.64 loss per share (vs US$1.35 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Onfolio Holdings Inc. Announces Fourth Quarter and Year-End 2023 Financial Results and Provides Corporate Update [Yahoo! Finance]Yahoo! Finance
- Onfolio Holdings Inc. Announces Fourth Quarter and Year-End 2023 Financial Results and Provides Corporate UpdateGlobeNewswire
- How Your Team Can Triple Your Exit Price [Forbes]Forbes
ONFO
Sec Filings
- 4/24/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/18/24 - Form 424B3
- ONFO's page on the SEC website