Onfolio Holdings (ONFO) said Tuesday it has completed the transaction to acquire 70% of the assets of digital marketing services provider Eastern Standard for about $1.7 million.
Onfolio said it issued $410,000 of series A preferred shares and two secured promissory notes amounting to about $1.3 million.
Two Onfolio special purpose vehicles paid a total of $500,000 for a 20% stake in the Eastern Standard business, Onfolio added.
Onfolio shares were up 3.7% in early trading Tuesday.
Price: 1.1100, Change: +0.04, Percent Change: +3.74
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