---
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"
generated_at: "2026-05-30T11:47:35.014329+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825452/000165495424013186/0001654954-24-013186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825452/000165495424013186/onfo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-013186
- JSON: https://secwatch.observer/filing/0001654954-24-013186.json
- Plain text: https://secwatch.observer/filing/0001654954-24-013186.txt

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