---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-012202"
form_type: "8-K"
ticker: "ONFO"
cik: "0001825452"
company_name: "Onfolio Holdings, Inc"
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:08:05.132735+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-012202
- form_type: 8-K
- ticker: ONFO
- cik: 0001825452
- company_name: Onfolio Holdings, Inc
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825452/000165495424012202/0001654954-24-012202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825452/000165495424012202/onfo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-012202
- JSON: https://secwatch.observer/filing/0001654954-24-012202.json
- Plain text: https://secwatch.observer/filing/0001654954-24-012202.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.