secwatch.observer — SEC 8-K summary
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Issuer:     Onfolio Holdings, Inc (ONFO)
CIK:        0001825452
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001654954-23-001296
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onfolio Holdings completes acquisition of Contentellect for $850K in cash
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- Acquired substantially all assets of Contentellect Limited for $850,000 cash at closing on February 1, 2023.
- Contentellect provides content writing, link building, social media marketing, and virtual assistant services to 875+ businesses and 65+ agencies.
- Contentellect reported $340,000 of adjusted EBITDA on an unaudited basis for 2022.
- Onfolio CEO cites attractive growth opportunities and potential with AI technology in content marketing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825452/000165495423001296/0001654954-23-001296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825452/000165495423001296/onfolio_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-001296

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