Certain Common Stock of Onfolio Holdings, Inc. are subject to a Lock-Up Agreement Ending on 23-MAY-2023.
May 22, 2023
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Certain Common Stock of Onfolio Holdings, Inc. are subject to a Lock-Up Agreement Ending on 23-MAY-2023. These Common Stock will be under lockup for 271 days starting from 25-AUG-2022 to 23-MAY-2023.
Details:
Each of the companyâs directors and officers have agreed that, without the prior written consent of the representative of the underwriters, they will not, subject to limited exceptions, with respect to the company during the period ending 270-days after the date of this prospectus, offer, pledge, sell or contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of common stock or any securities convertible into or exercisable or exchangeable for common stock, enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of common stock or any securities convertible into or exchangeable or exercisable for shares of common stock, whether such transaction is to be settled by delivery of shares of common stock or such other securities, in cash or otherwise, make any demand for or exercise any right with respect to the registration of any shares of common stock or any securities convertible into or exchangeable or exercisable for shares of common stock or publicly announce an intention to do any of the foregoing.
Onfolio Holdings Inc. is a holding company that acquires and manages a diversified portfolio of online businesses across a range of verticals. The Company is engaged in Website management, advertising and content placement on its online businesses, and product sales on certain sites. The Company owns multiple online businesses and manages online businesses on behalf of certain unconsolidated entities in which it holds equity interests. It operates through business models, such as direct-to-consumer (D2C) e-commerce, business-to-business (B2B) SEO and marketing services, as well as B2B digital products. The Company owns and/or manages over 20 online businesses, including RevenueZen.com, Contentellect.com, ProofreadAnywhere.com/WorkAtHomeSchool.com/WorkYourWay2020.com, SEOButler.com, Preventdirectaccess.com/Passwordprotectwp.com, Mightydeals.com and others. RevenueZen.com is an online service provider that works with B2B brands to grow their organic and referral traffic.