Onfolio acquires Contentellect for $850K cash; target had $342K adjusted EBITDA

Onfolio Holdings, Inc

Asset purchase price of $850,000 payable in cash at closing.
Contentellect reported $342,000 of adjusted EBITDA in 2022 (unaudited).
Acquisition expected to close within two weeks of announcement.
Target provides content writing, link building, social media marketing, and virtual assistant services.
Deal expands Onfolio's SEO service portfolio; pipeline of M&A opportunities remains robust.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Onfolio Holdings, Inc entered into Asset Purchase Agreement with Contentellect Limited valued at Eight Hundred and Fifty Thousand US Dollars ($850,000) (effective 2023-01-13).

Action: entry
Agreement: asset purchase
Counterparty: Contentellect Limited
Value: Eight Hundred and Fifty Thousand US Dollars ($850,000)
Effective: 2023-01-13

Exact text from the filing

On January 13, 2023, Onfolio Assets LLC, Onfolio Holdings Inc.’s (the “ Company ”) wholly owned subsidiary entered into an Asset Purchase Agreement (“ Asset Purchase Agreemen t”) with Contentellect Limited (“ Contentellect ”), a Guernsey limited liability company, and Mark Whitman, the sole owner of Contentellect.

View on SEC.gov

119 material agreements filed in the last 30 days. Browse all material agreements →

Onfolio Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001654954-23-000460

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