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Onfolio Holdings Inc - ONFO STOCK NEWS

Welcome to our dedicated news page for Onfolio Holdings (Ticker: ONFO), a resource for investors and traders seeking the latest updates and insights on Onfolio Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Onfolio Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Onfolio Holdings's position in the market.

Rhea-AI Summary
Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) closed an asset purchase agreement with RevenueZen LLC, acquiring its business assets for $1,105,000. The deal includes cash, preferred shares, and a secured promissory note. RevenueZen, a B2B marketing agency, had $1.4m in revenue and $227,000 in unaudited adjusted EBITDA in 2023. Onfolio expects to increase its bottom line by $150k/year through synergies with its portfolio companies. CEO Dominic Wells and RevenueZen founder Alex Boyd are optimistic about the acquisition's growth prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.95%
Tags
acquisition
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Rhea-AI Summary
Onfolio Holdings Inc. (ONFO, ONFOW) announces the launch of DealPipe, a service for sourcing 'off-market' acquisition targets. The service was launched on November 17th and received dozens of inquiries in the first 24 hours, indicating strong initial interest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.61%
Tags
none
-
Rhea-AI Summary
Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) announces the successful launch of the Kencos pocket inhaler by its molecular hydrogen supplement subsidiary, Vital Reaction. The innovative product is positioned as an alternative to vaping or smoking, with a strong appeal to those looking to quit. CEO Dom Wells highlights the importance of product launches for Vital Reaction's growth, while Shaun Thresher expresses excitement about bringing the benefits of Molecular Hydrogen to a wider audience. The launch of Kencos resulted in $14,500 in sales in its first week, accounting for 17% of Vital Reaction's October revenue.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
none
Rhea-AI Summary
Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) announces that its Web3 media brand 'Web3 Gam3r' achieved its first profitable month in October. The brand, started at the end of the last Crypto bull run in early 2022, aims to build a media presence in the crypto gaming space. Onfolio CEO Dom Wells emphasizes the importance of achieving profitability to capture large upside during the next crypto bull run. The Web3 Gam3r brand includes a Youtube Channel, newsletter, and social media presence, offering reviews, marketing, and influencer services for upcoming Web3 games.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.77%
Tags
none
-
Rhea-AI Summary
Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) Announces Financial Results for Q3 2023, Reveals 273% Revenue Growth and 526% Gross Profit Increase
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.29%
Tags
earnings
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Rhea-AI Summary
Onfolio Holdings Inc. CEO Dominic Wells will speak at the Chiang Mai SEO Conference in Thailand on November 10, 2023, to discuss ways for successful companies to advance their business, particularly focusing on SEO strategies and traffic sourcing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.87%
Tags
conferences
Rhea-AI Summary
Onfolio Holdings Inc. announces cost-reducing measures to optimize operations and create financial efficiencies. The company downsizes certain head office personnel while maintaining revenue generating staff. Cost reductions include headcount reductions, elimination of inefficient roles, and merging of business lines. Savings of approximately $1 million per year expected.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
Tags
none
-
Rhea-AI Summary
Onfolio Holdings Inc. provides an update on its offering of Series A Preferred Shares and promissory notes, raising over $1M in non-dilutive funding.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.97%
Tags
none
-
Rhea-AI Summary
Onfolio Holdings Inc. plans to raise an additional $10 million through a preferred share offering with a 12% annual dividend. The company aims to acquire more profitable businesses and grow its diversified portfolio. They focus on companies with a digital focus and reliable cash flow. They have recently launched a product called Get Quick, which is a language tool that explains Google Lighthouse reports and offers interactive features. Overall, Onfolio Holdings Inc. shows potential for growth and expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
none
Rhea-AI Summary
Contentellect helps PerkUp increase web visitors by 50,000 using keyword clustering and content creation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
none
Onfolio Holdings Inc

Nasdaq:ONFO

ONFO Rankings

ONFO Stock Data

2.45M
3.27M
32.78%
1.16%
0.54%
Internet Content & Information
Communication Services
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United States
Wilmington