secwatch.observer — SEC 8-K summary
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Issuer:     Onfolio Holdings, Inc (ONFO)
CIK:        0001825452
Form:       8-K/A
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001654954-23-013321
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onfolio raises over $1M from Series A Preferred and promissory notes for acquisitions
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825452/000165495423013321/0001654954-23-013321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825452/000165495423013321/onfolio_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-013321

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