Onfolio Holdings Inc.

General Information
Business:

(Note: This is a small-cap unit IPO. Each unit consists of one share of common stock and two warrants, with each warrant exercisable to buy one share of common stock. IPOScoop has NO CALL on unit IPOs; SPACs are the exception to that policy.)

We acquire controlling interests in and actively manage small websites with a focus on useful content. We define small websites as those that generate annual cash flows of up to $5 million per year. We focus on those that we believe operate in sectors with long-term growth opportunities, (ii) have positive and stable cash flows, (iii) face minimal threats of technological or competitive obsolescence and (iv) can be managed by our existing team or have strong management teams largely in place. Through the acquisition and growth of a diversified group of websites with these characteristics, we believe we offer investors in our shares an opportunity to diversify their own portfolio risk.

We own or manage 18 websites, as of the date of this prospectus. We currently operate in the following verticals: Pets, Arts and Crafts, B2B SEO Services, Molecular Hydrogen Supplements, Computers, Graphic Design, and People Search. 

Our ideal acquisition candidate has the following characteristics: proven track record with paid media; a product, physical or digital with satisfied customers and brand equity; upward growth trajectory; growing industry or sector; attractive purchase price; under-utilized marketing assets or channels; passionate, high-value audience or customer base; attractive profit margin and cashflow; diversified traffic and revenue sources, and content or community-based. 

**Note: Revenue and net loss figures are for the 12 months that ended March 31, 2022.

(Note: Onfolio Holdings Inc. reduced the size of its IPO by about 40 percent in an S-1/A filing dated June 14, 2022, by cutting the number of units to 1.7 million units, down from 2.9 million, and changing the price range to $4.50 to $5.50, down from $4.25 to $6.25. The IPO is now expected to raise about $9 million – down about 40 percent from its initially estimated proceeds. Onfolio Holdings filed its S-1 (prospectus) on April 7, 2022; it filed confidential IPO paperwork on Jan. 21, 2022.)

Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Employees: 9
Founded: 2019
Contact Information
Address 1007 North Orange Street, 4th Floor Wilmington, Delaware 19801
Phone Number (682) 990-6920
Web Address
View Prospectus: Onfolio Holdings Inc.
Financial Information
Market Cap $64.6mil
Revenues $1.68 mil (last 12 months)
Net Income $-2.63 mil (last 12 months)
IPO Profile
Symbol ONFO
Exchange NASDAQ
Shares (millions): 1.7
Price range $4.50 - $5.50
Est. $ Volume $9.0 mil
Manager / Joint Managers EF Hutton
CO-Managers
Expected To Trade: 7/5/2022
Day: Week of
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change