Recent Updates — ONFO
Nasdaq granted Onfolio Holdings an extension until November 23, 2026, to regain compliance with Listing Rule 5550(b), which requires a minimum stockholders' equity of $2.5 million. The exchange previously notified the company in May that it failed this requirement and alternative standards based on market value or net income. Onfolio must file an 8-K evidencing compliance by the deadline; failure to do so may trigger a delisting notification, subject to appeal. Nasdaq will continue monitoring ongoing compliance. Onfolio Holdings acquires and operates cash-generative online businesses in marketing, education, and e-commerce.
The Board of Directors approved an amendment to the Company's Amended and Restated By-Laws, effective immediately on September 29, 2026. The change lowers the quorum requirement for stockholder meetings from a majority to one-third of the voting power of shares present or represented by proxy. This adjustment aligns with the statutory minimum permitted under Delaware law and is intended to facilitate the upcoming Special Meeting of Stockholders. Onfolio Holdings Inc. operates in the financial technology sector, providing data-driven investment research and analytics.
On July 2, 2026, Onfolio Holdings Inc. received notification from NASDAQ that it is not in compliance with Listing Rule 5550(a)(2) because the closing bid price of its common stock remained below $1.00 for 30 consecutive business days. The company has until December 29, 2026, to regain compliance by maintaining a closing bid price of $1.00 or higher for ten consecutive business days. Failure to do so may lead to delisting, though the company may be eligible for an additional 180-day extension if it meets other listing standards and intends to cure the deficiency, potentially via a reverse stock split. The company is currently assessing options to maintain its listing. Onfolio Holdings Inc. operates in the financial services industry, providing digital asset management and investment solutions.
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.