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

Issuer:     Onfolio Holdings, Inc (ONFO)
CIK:        0001825452
Form:       8-K/A
Filed at:   2023-01-10T23:59:59+00:00
Accession:  0001654954-23-000245
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onfolio Holdings files 8-K/A with BWPS financials for WordPress plugin acquisition up to $1.35M
--------------------------------------------------------------------------------

- Acquisition of BWPS WordPress plugin business closed Oct 25, 2022 for up to $1.35M ($1.25M cash + $40K note + $60K earnout).
- BWPS generated $436K revenue and $380K net income in FY2021; $286K revenue and $242K net income in FY2020.
- For H1 2022, BWPS revenue was $236K, net income $193K; cash on hand $233K as of June 30.
- Pro forma financials also reflect prior acquisitions of SEO Butler Ltd and BCP Media Inc from October 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825452/000165495423000245/0001654954-23-000245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825452/000165495423000245/onfolio_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-000245

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