Onfolio Holdings, Inc (ONFO): M&A transaction — Onfolio Holdings closes acquisition of BWPS for $1.35M total consideration

Onfolio Holdings, Inc

Acquisition of Prevent Direct Access and Password Protect WordPress plugins completed October 25, 2022.
Total purchase price: $1.25M cash at closing, $40K promissory note, up to $60K earn-out.
BWPS reported ~$379K adjusted EBITDA in 2021 (unaudited).
Business provides file and password protection plugins for WordPress sites.

item 1.01 item 2.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Onfolio Holdings, Inc completed an acquisition involving Hoang Huu Thinh for $1,250,000 paid in cash at the closing and $40,000.00 paid via a promissory note (closed 2022-10-25).

Action: acquisition
Counterparty: Hoang Huu Thinh
Consideration: $1,250,000 paid in cash at the closing and $40,000.00 paid via a promissory note
Closing: 2022-10-25

Exact text from the filing

to sell to Onfolio, LLC the BWPS Business, all as more fully described in the Asset Purchase Agreement. The aggregate purchase price for the BWPS Business is as follows: (i) $1,250,000 paid in cash at the closing and $40,000.00 paid via a promissory note to be made by Onfolio, LLC payable to Thinh after the performance of certain obligations by Thinh and others

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Onfolio Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001654954-22-014288

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