Form 8-K Onfolio Holdings, Inc For: Jul 28
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(Amendment No. )
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other Events.
On July 28, 2026, Onfolio Holdings Inc. (the “Company”) issued a press release providing a corporate update on the strategic alternatives it is actively pursuing to drive long-term shareholder value. As described in the press release, the Company is pursuing a range of initiatives, including asset acquisitions of profitable, cash-generative online businesses, potential transformational acquisitions that management believes could meaningfully accelerate the Company’s trajectory, and the divestiture of underperforming assets in order to concentrate resources on its highest-performing businesses. The Company remains committed to enhancing value for its shareholders while preserving its public listing on the Nasdaq Stock Market. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In connection with its ongoing commitment to maintaining its Nasdaq listing, the Company is actively developing and pursuing a comprehensive set of solutions intended to address the continued listing deficiencies previously identified by Nasdaq, including the minimum bid price requirement and the stockholders' equity requirement, and to position the Company to regain and sustain compliance with the applicable Nasdaq continued listing standards. The Company's plan encompasses a number of complementary measures that management is evaluating and implementing. These measures include growing the Company's revenue, operating income, and stockholders' equity through the M&A, strengthening the Company's balance sheet through the equitization of its current liabilities, including amounts owed to its primary noteholder, implementing targeted reductions in operating expenses designed to improve the Company's cash flow profile and path to profitability, the equitization of certain outstanding preferred equity, the effectuation of a reverse stock split of the Company's outstanding common stock within the range previously approved by the Company's stockholders at the special meeting of stockholders held on April 6, 2026, and the continued pursuit of additional capital formation and strategic transactions. Management believes that the combination of these measures, taken together, provides the Company with multiple paths toward restoring compliance with the applicable Nasdaq continued listing standards while continuing to build long-term value for its stockholders. The Company believes that, taken together, these measures will enable it to regain and maintain compliance with the applicable Nasdaq continued listing standards, subject in all cases to approval by Nasdaq.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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104 |
| Cover Page Interactive Data File (formatted as Inline XBRL) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ONFOLIO HOLDINGS INC. |
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Date: July 28, 2026 | By: | /s/ Dominic Wells |
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| Dominic Wells, |
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| Chief Executive Officer |
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ATTACHMENTS / EXHIBITS
XBRL TAXONOMY EXTENSION SCHEMA
XBRL TAXONOMY EXTENSION LABEL LINKBASE
XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
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