Form 8-K Filing Summary for Onfolio Holdings Inc.
On April 6, 2026, Onfolio Holdings Inc. held a Special Meeting of Stockholders where several key proposals were voted upon. Stockholders approved granting the board of directors discretionary authority to enact a reverse stock split, with a ratio between 1-for-5 and 1-for-50, within one year. This proposal passed with 97.21% of the votes in favor. Additionally, stockholders approved the issuance of over 19.99% of outstanding shares related to certain Convertible Promissory Notes and the floor price for their conversion, with 96.44% voting in favor. The company also received approval for one or more adjournments of the meeting if needed to solicit more proxies for the aforementioned proposals and an increase in authorized shares. Finally, stockholders approved an amendment to increase the authorized shares of Common Stock from 50,000,000 to 300,000,000, with 89.79% of the votes in favor. These decisions aim to facilitate the company's strategic financial maneuvers.