other material
confidence high
sentiment neutral
materiality 0.70
Onfolio stockholders approve reverse stock split, authorized share increase, and note conversion issuance
Onfolio Holdings, Inc
- Approved reverse stock split ratio range of 1-for-5 to 1-for-50, effective within one year at Board's discretion.
- Approved issuance of >19.99% of outstanding common stock upon conversion of November 2025 convertible notes at a floor price below Nasdaq minimum.
- Approved increase in authorized common shares from 50M to 300M to support future financing and conversions.
- Adjournment proposal also passed with 95.17% of votes cast in favor.