[SCHEDULE 13G/A] Onfolio Holdings, Inc SEC Filing
Joel Arberman reported beneficial ownership of 524,404 shares of Onfolio Holdings, Inc., representing 9.28% of the company on a fully diluted basis. The filing states these holdings consist of 524,404 immediately exercisable warrants exercisable into an equal number of common shares, and the percent calculation uses 5,127,396 common shares outstanding plus the 524,404 shares assuming exercise. The statement affirms the securities were not acquired to change or influence control of the issuer. The filing lists Arberman’s U.S. citizenship and residential address in Delray Beach, Florida.
- Material disclosure of beneficial ownership equal to 524,404 shares (warrants) representing 9.28% on a fully diluted basis
- Clear certification that the securities were not acquired to influence control, consistent with Schedule 13G filing criteria
- Detailed voting and dispositive power lines showing sole voting and sole dispositive power over the reported securities
- None.
Insights
TL;DR: A reported 9.28% fully diluted stake via immediately exercisable warrants is material but not necessarily control-changing.
The filing discloses a near-10% economic exposure to Onfolio Holdings through 524,404 immediately exercisable warrants. For investors this is material because it increases potential share count if exercised, diluting existing holders and concentrating economic interest with a single holder. The filing contains no indicators of coordinated group activity or intent to seek control and includes the standard certification that holdings are not for control-change purposes. No purchase price, acquisition date, or transaction detail is provided, limiting assessment of cost basis or timing risk.
TL;DR: Disclosure is straightforward and complete for Schedule 13G purposes; governance risk appears limited based on the statement.
Arberman’s disclosure of sole voting and dispositive power over 524,404 shares (via warrants) not only notifies the market of concentrated potential voting power but also fulfills regulatory transparency requirements. The certification that the position is not held to influence control reduces immediate governance concern. The filing lacks additional context such as agreements, pledges, or group members, so further diligence would be required to confirm no related arrangements exist.