Onfolio Holdings Inc. has announced the elimination of approximately $1.5 million in debt from its balance sheet. The company has used proceeds from a recent financing round to retire about $640,000 of seller notes and has initiated the process to convert an additional $850,000 in seller notes into common stock. These steps are expected to save nearly $150,000 in annualized interest expenses and strengthen the company's financial position as it prepares to enhance its operating portfolio and resume its acquisition program.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Onfolio Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9598973) on December 09, 2025, and is solely responsible for the information contained therein.