Onfolio Holdings (ONFO) is a microcap holdco acquiring controlling stakes in online businesses across B2B and B2C. The headline: this is a resale filing — the company receives zero proceeds, all go to

FY2025 showed revenue up 36% to $10.73M, gross profit of $6.43M, and EBITDA turning marginally positive at $151K. But net losses widened to $2.54M, and by mid-2026 revenue fell 52% YoY amid cash constraints and AI disruption. Risks stack up: failure to hold Nasdaq's $1.00 minimum bid could trigger delisting, and a reverse split may not restore liquidity or investor interest. More risk detail is incorporated by reference from the 10-K. The setup: ONFO went public in 2022 at $4.50/unit, raising ~$13.8M. Shares now sit near $0.50 with a ~$1.2M market cap after a reverse split. A $300M convertible note facility (~$6M drawn) and a terminated Paramount Helium combination round out the story. Bottom line: a sub-$1.2M microcap resale with no company proceeds, widening losses, shrinking revenue, and delisting risk. Serial-acquirer holdcos have mostly traded well below IPO prices — this one needs proof it can self-fund.

FY2025 showed revenue up 36% to $10.73M, gross profit of $6.43M, and EBITDA turning marginally positive at $151K. But net losses widened to $2.54M, and by mid-2026 revenue fell 52% YoY amid cash const