secwatch.observer — SEC 8-K summary
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Issuer:     Onfolio Holdings, Inc (ONFO)
CIK:        0001825452
Form:       8-K
Filed at:   2026-07-08T12:50:30+00:00
Accession:  0001654954-26-006537
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onfolio enters binding LOI to acquire Paramount Helium; targets $3B helium resource, ticker to PRMT
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- Issues convertible preferred stock convertible into 50M common shares (subject to stockholder approval) to acquire Paramount Helium.
- Requires at least $11.3M in equity funding; closing targeted by July 24, 2026.
- Company to change name to Paramount Helium Corporation and ticker to PRMT; new CEO Steven Looper.
- Resource estimated at 20B cubic feet of helium (~$3B value) and includes helium-3 for quantum computing.
- New board includes David Hobbs (Executive Chairman), Steven Looper (CEO), Adam Trainor (CFO).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825452/000165495426006537/0001654954-26-006537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825452/000165495426006537/onfo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-006537

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer