Acquisition Details - Onfolio Holdings Inc has entered into an agreement to acquire a majority interest in SEO Marketing Inc (DDS Rank) for 200,000 from Onfolio's Special Purpose Vehicle (SPV) for 34% ownership and 200,000 secured promissory note for 66% ownership [7] - The deal is expected to close early next week without using any cash or common shares from Onfolio Holdings [2][7] Company Overview - Onfolio Holdings acquires and manages a diversified portfolio of online businesses that meet specific investment criteria including long-term growth opportunities, stable cash flows, and minimal technological obsolescence risks [4] - The company specializes in acquiring under-optimized businesses and enhancing their value through operational improvements and marketing efforts [4] - Onfolio expects to close another acquisition this month and achieve profitability in the near term [4] DDS Rank Business Profile - DDS Rank provides digital marketing services to dentists including SEO, paid advertising, and web design [9] - In 2023, DDS Rank generated 190,000 in unaudited adjusted EBITDA [9] - Approximately 91% of DDS Rank's revenue comes from subscription-based recurring services [7] Growth Expectations - Onfolio believes it can double DDS Rank's revenue and EBITDA within the next 1-2 fiscal quarters through increased marketing and operational improvements [3] - The company aims to increase DDS Rank's annualized revenue to over 400,000 within months [13] Financial Structure - The Series A Preferred Shares and secured promissory notes issued by Onfolio pay dividends and interest but are not convertible into common shares [10] - Onfolio's SPV continues to raise non-dilutive capital to support acquisitions [6][7]
Onfolio Holdings Inc. To Acquire DDS Rank Business