Onfolio Holdings, Inc. (NasdaqCM:ONFO) acquired RevenueZen LLC for $1.1 million on December 31, 2023. The total purchase price of $1,105,000, consisting of $240,000 in cash at closing, $425,000 in Onfolio Series A Preferred Shares, and a $440,000 11% secured promissory note due December 31, 2025. In addition, five Revenue Zen founders received a total of a 12% roll-over equity interest RevenueZen Delaware, and they will serve in leadership roles with RevenueZen Delaware team. Also, certain of the founders received a total of 270,000 non-qualified stock options to purchase Onfolio common shares at $0.51 per share. Additionally, for up to 12 months, additional earn-out payments could be paid to RevenueZen pursuant to the earn-out formula. As per the filling of May 20, 2024, the aggregate purchase price for the acquired business was $1,332,000.

Onfolio Holdings, Inc. (NasdaqCM:ONFO) completed the acquisition of RevenueZen LLC on December 31, 2023.