Onfolio acquires 70% of Eastern Standard for $1.66M; $630K adj. EBITDA

Onfolio Holdings, Inc

Acquired 70% interest in Eastern Standard for $1.66M via $1.25M notes and $410K Series A preferred; no cash or common shares issued.
Eastern Standard FY2023 revenue ~$4M, unaudited adjusted EBITDA $630K.
Financing includes $400K note at 8% due in 120 days and $850K note at 8% due in 2 years; guaranteed by Onfolio.
SPV entities paid $500K cash for 20% interest; seller retains 10% roll-over equity.
CEO expects SPV model and non-convertible preferred shares to fund future acquisitions.

item 1.01 item 2.01 item 2.03 item 3.02 item 7.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001654954-24-013186
form_type: 8-K
ticker: ONFO
cik: 0001825452
company_name: Onfolio Holdings, Inc
filed_at: 2024-10-22T23:59:59+00:00
discovered_at: 2026-05-14T18:03:09.860054+00:00
generated_at: 2026-05-30T11:47:35.014329+00:00
sec_items: ["1.01", "2.01", "2.03", "3.02", "7.01", "9.01"]
event_type: m_and_a
sentiment: positive
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001654954-24-013186
json_url: https://secwatch.observer/filing/0001654954-24-013186.json
markdown_url: https://secwatch.observer/filing/0001654954-24-013186.md
text_url: https://secwatch.observer/filing/0001654954-24-013186.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1825452/000165495424013186/0001654954-24-013186-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1825452/000165495424013186/onfo_8k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

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Source: SEC EDGAR

accession 0001654954-24-013186

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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.