Onfolio Holdings files amended 8-K with financials for Eastern Standard LLC asset purchase

Onfolio Holdings, Inc

Acquired substantially all assets of Eastern Standard LLC on Oct 18, 2024 for total consideration of $2,160,000.
Consideration included $1,250,000 in secured promissory notes, $410,000 in Series A Preferred Shares, and $500,000 cash from SPV funding program.
Eastern Standard's unaudited revenue for nine months ended Sep 30, 2024 was $3,453,126, with net income of $506,023.
Eastern Standard settled a note payable with member David Wolf for $376,917 on Sep 19, 2024.
Sellers retain a 10% roll-over equity interest in Eastern Standard Delaware post-acquisition.

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