onfolio holdings ipo date

Backtested performance is developed with the benefit of hindsight and has inherent limitations. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Our new AI tool demonstrates that Onfolio is focused on delivering the best experience for our customers across all our subsidiaries, said Dominic Wells, CEO of Onfolio Holdings Inc. Costs associated with product revenue increased by approximately $38,000 during the year ended December 31, 2022, driven by the increase costs from the Company's new businesses acquired, offset by better inventory management in its physical product sale businesses. Nasdaq | ONFO U.S.: Nasdaq Onfolio Holdings Inc. Watch list After Hours Last Updated: May 26, 2023 7:59 p.m. EDT Delayed quote $ 1.3400 -0.06 -4.29% After If we are unable to obtain sufficient funding, our business, prospects, financial condition and results of operations will be materially and adversely affected, and we may be unable to continue as a going concern. Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. Forward-looking statements are neither historical facts nor assurances of future performance. Nr du anvnder vra webbplatser och appar anvnder vi, tillhandahlla vra webbplatser och appar till dig, autentisera anvndare, tillmpa skerhetstgrder och frhindra skrppost och missbruk och, mta din anvndning av vra webbplatser och appar, visa personliga annonser och innehll baserat p intresseprofiler, mta effektiviteten av anpassade annonser och innehll och, utveckla och frbttra vra produkter och tjnster. In the first quarter of 2023, we continued to integrate our three acquisitions from October 2022 BWPS, Proofread Anywhere, and SEOButler Ltd and continued with our Onfolio 2.0 strategy with the additional acquisition and early integration of Contentellect, commented Onfolio CEO, Dominic Wells. The firm operates a Wecurrently operate in the following verticals: Pets, Arts and Crafts, B2B SEO Services, Molecular Hydrogen Supplements, Computers, Graphic Design, and People Search. Saved. Privacy Notice | The firm currently plans to pay no dividends on its shares and anticipates that it will use any future earnings to reinvest back into the business. Prior to our IPO in August 2022, we operated smaller "legacy" businesses, We account for our interests in entities where we have virtually no influence over operating and financial policies under the cost method of accounting. The increase is primarily due to revenue from our three acquisitions completed during the fourth quarter of fiscal 2022, which increased revenue by approximately $845,000, including approximately $708,000 in digital product sales. Principal Factors Affecting Our Financial Performance. Du kan ndra dina val nr som helst genom att klicka p lnkarna Instllningar fr integritet och cookies eller Integritetspanelen p vra webbplatser och appar. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. 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. Changes in these assumptions may have a material impact on the backtested returns presented. Net cash used in operating activities was $2,870,893 and $1,140,481 for the years ended December 31, 2022, and 2021. 0.00 The Company primarily earns revenue through website management, digital services, advertising and content placement on its websites, product sales, and digital product sales. Backtested performance is not an indicator of future actual results. Each unit will consist of one share and two warrants to purchase shares of common stock. Announces Closing of $13.7 Million Initial Public Offering, Onfolio Holdings Inc. Our general and administrative expenses consist primarily of consulting related expenses paid to contractors, stock-based compensation, advertising and marketing costs, and other expenses. The warrants will be immediately exercisable at the IPO price and will trade under the symbol ONFOW. Mighty Deals is a free daily deals website aimed at creative professionals with a focus on products and services for web designers and developers. I analyze fundamental company performance and my conclusions may not be relevant for first-day or early new issue trading activity, which can be highly volatile and unrelated to company fundamentals. We believe that the acquisition market for these websites is highly fragmented and often provides opportunities to purchase at more attractive prices and achieve better outcomes for our shareholders. vs. To view the prospectus for IPO, or any offering listed on ClickIPO. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as revenue growth andearnings, and strategy for growth and financial results. Also, most IPOs are of companies going through a transitory growth period, which are subject to additional uncertainty regarding their future values. The sole listed bookrunner of the IPO is EF Hutton. (RTTNews) - Shares of Onfolio Holdings, Inc. (ONFO) are rising more than 70% Friday morning at $2.00. Advertising and content revenue is earned and recognized once the content is presented on the Company's sites in accordance with the customer requirements. 1007 North Orange Street, 4th Floor Wilmington, Delaware 19801. Managements presentation of the company roadshow is not available. We acquired Contentellect because we already operated three similar businesses (Getmelinks.com, Outreachmama.com and SEOButler.com), and we understand the business model. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. This report is intended for educational purposes only and is not financial, legal or investment advice. Onfolio Holdings to Participate at the Inaugural EF Hutton Global Conference. View daily, weekly or monthly format back to when Onfolio Holdings, Inc. stock was issued. Over the long term, we expect general and administrative expenses to decrease as a percentage of revenue. Onfolio filed its S-1 on April 7, 2022, following confidential IPO paperwork on Jan. 21, 2022.). As a result of these acquisitions, revenue in Q4 was more than the previous quarters combined, while cost of revenue only increased marginally. The company today announced the launch of a generative AI NEW YORK, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Onfolio or the Company) (NASDAQ: ONFO, ONFOW), a holding company that acquires The IPOScoop.com staff does not issue advice, recommendations or opinions. Each unit consists of one share of common stock and two warrants, with each warrant exercisable to buy one share of common stock. Cost of revenue decreased by $52,148, or 20%, primarily due to lower service revenue costs of $903,000, primarily from a decrease of $131,000 in labor costs related to the Company's service revenue. Upon the occurrence of an Event of Default (as defined in the BCP Note), the Interest Rate automatically increases to the rate of eight percent (8%) per annum, compounded annually. Subscriber Agreement & Terms of Use | FORM 4. Cash flows from financing activities was $12,109,373 and $3,097,017 for the years ended December 31, 2022 and 2021. We recognized approximately $300,000 in expenses, such as acquisitions costs related to our fourth quarter 2022 acquisitions, higher than normal legal and professional fees, including some tied to our IPO, and one-time growth expenses for newly acquired businesses, in the first quarter that are not expected to recur moving forward. Income tax benefit was $0 for the year ended December 31, 2022 compared to benefit of $1,314, for the fiscal 2022 compared to 2022 primarily due to increased losses in the current year. See Notes 4 and 9 of our accompanying audited financial statements for information on our contractual obligations. The market opportunity for providing digital content to consumers is large but highly fragmented and can be difficult to cost-effectively monetize at scale. Please note all regulatory considerations regarding the presentation of fees must be taken into account. This information is provided for illustrative purposes only. firm since May 2019 and was previously founder of Digital Wells Limited, dba Human Proof Designs, which is an Internet marketing agency. Palo Alto Networks promoted to S&P 500, replacing Dish Network, We averted an economic crisis: Biden hails debt-ceiling deal in Oval Office address, West Coast dockworkers accused of disrupting port operations, raising fears of shipping backups, Biden says hell sign bill to lift debt ceiling on Saturday. The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We expect acquisition costs to remain significant as we continue to grow based on acquisitions. IPO Calendar; Merger Arb; Ratings Calendar; Onfolio Holdings, Inc [ ONFO] 5. A primary beneficiary is the variable interest holder in a VIE with both the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and the obligation to absorb losses, or the right to receive benefits that could potentially be significant to the VIE. /**/, /*

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