secwatch.observer — SEC 8-K summary
======================================

Issuer:     Onfolio Holdings, Inc (ONFO)
CIK:        0001825452
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0001654954-22-013917
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onfolio acquires Proofread Anywhere ($4.5M, $1.38M EBITDA) and SEOButler ($950k, $268k EBITDA)
--------------------------------------------------------------------------------

- Acquired Proofread Anywhere assets from BCP Media for $4.499M; $2.1M cash, $2.399M promissory note (3%, 1-year) plus warrant for 20k shares at $4.75.
- Proofread Anywhere reported ~$1.38M adjusted EBITDA in 2021 (unaudited); operates proofreading-training websites.
- Acquired all shares of SEOButler for $950k; reported ~$268k adjusted EBITDA in 2021 (unaudited); provides SEO services.
- Both acquisitions closed in mid-October 2022; press release issued Oct 17.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825452/000165495422013917/0001654954-22-013917-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825452/000165495422013917/onfolio_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-013917

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer