Onfolio Holdings, Inc (ONFO) Form 8-K — Jul 8, 2026
Onfolio Holdings entered into a Binding Letter of Intent to acquire Paramount Helium in a business combination that will pivot the company from online business operations to the industrial gas sector. Under the terms, Onfolio will issue 50 million shares of convertible preferred stock to Paramount and change its name to Paramount Helium Corporation, with plans to change its ticker to PRMT. Pending shareholder approval and $11.3 million in required funding, the company will spin out its legacy digital asset businesses into a subsidiary to be separated from the new entity. The transaction includes a right to acquire senior secured debt of Proton Green, LLC, securing interests in the St.
Key figures
- Required Funding
- 11300000
- Waiver Legal Fees
- 75000
- Legacy Note Amount
- 8000000
- Facility Waiver Fees
- 65000
- Helium Resource Estimate
- >20 billion cubic feet
- Legacy Note Interest Rate
- 8%
- Helium3 Resource Estimate
- >50 kg
- Shares Issued To Paramount
- 50000000
- Legacy Amortization Payment
- 250000
Price after filing
Close on the filing date to close N calendar days later (from $0.28). Historical, not a forecast.
AI analysis
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