エドガーで原本を確認する
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 8, 2023
ONFOLIO HOLDINGS INC. |
(Exact name of registrant as specified in its charter) |
Delaware |
|
001-41466 |
|
37-1978697 |
|
(State or other jurisdiction of incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification Number) |
1007 North Orange Street, 4th Floor, Wilmington, Delaware |
|
19801 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code (682) 990-6920
_______________________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: |
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock, $0.001 par value per share |
ONFO |
Nasdaq Capital Market |
Warrants To Purchase Common Stock |
ONFOW |
Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On June 8, 2023, Onfolio Holdings Inc. issued a press release announcing that it has posted two articles on its corporate website that provide additional insight into its growth strategy. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
|
Description |
|
||
104 |
|
Cover Page Interactive Data File (formatted as Inline XBRL) |
2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
ONFOLIO HOLDINGS INC. |
|
|
|
|
|
|
Date: June 8, 2023 |
|
|
|
|
|
|
|
|
By: |
/s/ Dominic Wells |
|
|
|
Dominic Wells, |
|
|
|
Chief Executive Officer |
|
3 |
EXHIBIT 99.1
Onfolio Holdings Provides Acquisition Strategy Update and Further Outlines AI Strategy on its Corporate Website
WILMINGTON, DE, June 8, 2023 — Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the “Company” or “Onfolio”), an online conglomerate that acquires and manages a diversified portfolio of online business holdings, announces that it posted two articles on its corporate website that provide additional insight into its growth strategy. Specifically, these articles highlight Onfolio’s corporate acquisition strategy and its strategy to leverage AI across its subsidiaries.
Acquisitions and leveraging AI are expected play pivotal roles in the Onfolio’s anticipated future growth, and these two articles provide additional transparency and insight into these strategic levers.
The article describing the Company’s general acquisition strategy can be found here: onfolio.com/one-pager
The article outlining how the Company intends to use AI in its subsidiaries to grow and recognize operating leverage can be found here: onfolio.com/ai-strategy
Onfolio Holdings Inc.
Onfolio acquires and manages a diversified portfolio of online businesses across a broad range of verticals, each with a niche content focus and brand identity. Onfolio acquires businesses that meet its investment criteria, being that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats of technological or competitive obsolescence, have strong management teams largely in place, and will benefit from the appointment of a dedicated CEO, where the existing CEO is exiting the business. The Company excels at finding acquisition opportunities where the seller has not fully optimized their business, and Onfolio’s experience and skillset allow it to add increased value to these existing businesses. Visit www.onfolio.com for more information.
| 1 |
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us under the caption “Risk Factors” included in our Form 10-K and other SEC filings and other risks to which our Company is subject, and various other factors beyond the Company’s control.
Company Contact:
Derek McCarthy
Investor Communications
Onfolio Holdings Inc
Investors@Onfolio.com
Investors Relations:
Bret Shapiro
CORE IR
brets@coreir.com
516-222-2560
| 2 |