Onfolio Holdings Inc. Signs Agreement To Acquire Eastern Standard Business
Onfolio Holdings Inc. (ONFO)
Company Research
Source: GlobeNewswire
WILMINGTON, Del., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the "Company" or "Onfolio"), a company that acquires and manages a diversified portfolio of online businesses, today announced that it has entered into an asset purchase agreement to acquire the majority interest in the assets of Eastern Standard LLC. The Company expects the acquisition to close October 1, 2024. The asset purchase agreement includes customary representations, warranties and covenants by the parties and the closing of the asset purchase agreement is subject to customary closing conditions. As with the previous DDS Rank acquisition, this acquisition will occur with the assistance of Onfolio’s Special Purpose Vehicle “Onfolio Agency SPV LLC,” and an additional SPV “Onfolio Agency SPV 2 LLC” which will acquire a minority interest in the business. Eastern Standard provides clients with digital marketing services including integrated branding, and digital customer experien
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ONFO
News
- Onfolio to acquire majority interest in the assets of Eastern Standard [Seeking Alpha]Seeking Alpha
- Onfolio Holdings Second Quarter 2024 Earnings: US$0.17 loss per share (vs US$0.26 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Onfolio GAAP EPS of -$0.17, revenue of $1.73M [Seeking Alpha]Seeking Alpha
- Onfolio Holdings Inc. Announces Second Quarter 2024 Financial Results and Provides Corporate UpdateGlobeNewswire
ONFO
Sec Filings
- 9/24/24 - Form 8-K
- 8/14/24 - Form 10-Q
- 8/9/24 - Form 8-K
- ONFO's page on the SEC website