Mergers & Acquisitions ·
Onfolio Holdings Inc. entered into a binding letter of intent to acquire Paramount Helium, LLC in a transaction…
ONFOOnfolio Holdings, Inc
Onfolio Holdings Inc. entered into a binding letter of intent to acquire Paramount Helium, LLC in a transaction structured as a merger or business combination. The company will change its name to Paramount Helium Corporation and its ticker symbol to PRMT. As part of the acquisition, the company will issue convertible preferred stock to Paramount, convertible into 50 million shares of common stock, and issue common stock to Paramount Investors. The acquisition is subject to stockholder approval and and the parties intend to consummate the transaction on or before July 24, 2026. Onfolio Holdings Inc. operates in the technology and digital asset management sector.