secwatch.observer — SEC 8-K summary
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Issuer:     Onfolio Holdings, Inc (ONFO)
CIK:        0001825452
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001654954-24-000162
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onfolio acquires RevenueZen for $1.1M; adds $227K adj. EBITDA, expects $150K synergy
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- Total purchase price $1,105,000: $240k cash, $425k preferred shares, $440k 11% secured note due Dec 2025.
- RevenueZen had ~$1.4M revenue and $227k unaudited adjusted EBITDA in 2023.
- Five founders received 12% roll-over equity in subsidiary and 270k options at $0.51/share.
- Onfolio expects $150k annual synergy from redirecting outsourced work to its own companies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825452/000165495424000162/0001654954-24-000162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825452/000165495424000162/onfo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-000162

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