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Onfolio Holdings Inc. Completes $1 Million Financing at a Premium to Market, Strengthening Balance Sheet and Supporting Growth Initiatives
Globenewswireยท 2025-10-27 14:00
Core Points - Onfolio Holdings Inc. successfully completed a $1 million private offering to accredited investors, aimed at advancing its growth strategy and strengthening working capital [1][2] - The offering was completed at a premium to the market price, indicating strong investor confidence in Onfolio's business model and long-term outlook [2] - A total of 740,470 shares of common stock and accompanying warrants were issued, with potential additional gross proceeds of approximately $1.85 million if all warrants are exercised [3] Financial Strategy - The proceeds from the offering will be used for general corporate purposes and to enhance financial flexibility as the company enters Q4 and 2026 [4] - The CEO emphasized that a stronger balance sheet will enable continued investment in organic growth initiatives that drive long-term shareholder value [4] Business Model - Onfolio focuses on acquiring and managing a diversified portfolio of online businesses that operate in sectors with long-term growth opportunities and stable cash flows [4] - The company aims to find acquisition opportunities where the seller has not fully optimized their business, leveraging its experience to add value [4]