Onfolio signs agreement to acquire 70% of Eastern Standard digital marketing agency for $2.16M

Onfolio Holdings, Inc

Onfolio will own 70% via $1.25M secured notes and $410K Series A Preferred; no upfront cash or common shares issued.
SPV funding program invests $500K for 20% minority interest; sellers retain 10% rollover equity.
Eastern Standard generated $4M revenue and $630K adjusted EBITDA for FY2023.
Expected closing date October 1, 2024; subject to customary conditions.
CEO states acquisition builds agency platform and targets profitability with non-dilutive funding.

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