other material
confidence high
sentiment positive
materiality 0.55
Onfolio raises over $1M from Series A Preferred and promissory notes for acquisitions
Onfolio Holdings, Inc
- Raised >$1M from Series A Preferred ($25/share, 12% annual dividend) and promissory notes (2yr interest-only).
- Offering up to 400,000 preferred shares at $25 for aggregate $10M; continues under Rule 506(c) to accredited investors.
- CEO Dominic Wells says funds earmarked for acquisitions; fundraising proceeding apace.
- Preferred shares redeemable after Jan 1, 2026 at $25 plus dividends; notes have no conversion features.