other material
confidence high
sentiment neutral
materiality 0.85
Onfolio Holdings prices and closes $13.7M initial public offering on Nasdaq
Onfolio Holdings, Inc
- Offered 2,753,750 units at $5.00/unit; each unit = one share of common stock and two warrants.
- Gross proceeds of ~$13.7M; net proceeds of ~$12.1M after underwriting discounts and expenses.
- Underwriter EF Hutton partially exercised over-allotment, purchasing 609,750 additional warrants for $6,097.50.
- Common stock and warrants began trading on Nasdaq August 26, 2022 under symbols ONFO and ONFOW.
- Five-year warrants exercisable at $5.00 per share; underwriter warrants issued at $5.50 per share.