Onfolio sells $1 million of series A preferreds under 506(c) offering

Chicago, Oct. 18 – Onfolio Holdings Inc. provided an update on its sale of up to 400,000 shares of $25-par series A preferred shares in a press release on Wednesday.

To date, the company has raised more than $1 million from the offering of preferred shares and promissory notes, all of it non-dilutive funding. From the sale of preferreds, the company has raised $600,000, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will be used for acquisitions.

The company intends to keep offering the series A preferreds under Regulation D, Rule 506(c).

The shares have a 12% cumulative, non-compounding dividend.

They are redeemable at par plus accrued dividends any time after Jan. 1, 2026.

Onfolio acquires online businesses and is based in Wilmington, Del.

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