# Onfolio Holdings, Inc (ONFOW) — spin_off/spin_off [pending]
Source: SEC API (secapi.ai) · situation sit_08ef27f98b572b52277b · retrieved 2026-08-11T16:13:06.595Z

## Overview
Onfolio Holdings Inc. is a holding company that acquires and operates cash-generating online businesses, with a portfolio spanning digital marketing services, online education, and e-commerce.

On July 7, 2026, Onfolio Holdings Inc. entered into a binding Letter of Intent with Paramount Helium, LLC to acquire Paramount in a merger or business combination. At closing, Onfolio will issue convertible preferred stock convertible into 50 million shares of common stock to Paramount. Paramount Investors will receive common stock (or convertible preferred stock if ownership would exceed 19.99%) for funding provided at closing. The parties target a definitive closing by July 24, 2026, subject to receipt of at least $11,300,000 in required equity investment and satisfaction of customary closing conditions. Following closing, Onfolio will change its name to Paramount Helium Corporation and its ticker to PRMT.

## Terms
- Counterparty: Paramount Helium, LLC · Deal value: $11.3M · Consideration: stock

## Key dates
- Announced 2026-07-08 · Expiry 2026-07-24 · Expected close 2026-07-24

## Timeline
- 2026-07-08 · 8-K (0001654954-26-006537): Onfolio to acquire Paramount Helium for 50M shares; targets $11.3M funding by July 24 — *Onfolio Holdings Inc. is a holding company that acquires and operates cash-generating online businesses, with a portfolio spanning digital marketing services, online education, and e-commerce.* On July 7, 2026, Onfolio Holdings Inc. entered into a binding Letter of Intent with Paramount Helium, LLC to acquire Paramount in a merger or business combination. At closing, Onfolio will issue convertible preferred stock convertible into 50 million shares of common stock to Paramount. Paramount Investors will receive common stock (or convertible preferred stock if ownership would exceed 19.99%) for funding provided at closing. The parties target a definitive closing by July 24, 2026, subject to receipt of at least $11,300,000 in required equity investment and satisfaction of customary closing conditions. Following closing, Onfolio will change its name to Paramount Helium Corporation and its ticker to PRMT.
  https://www.sec.gov/Archives/edgar/data/1825452/0001654954-26-006537.txt

## Citations
- 0001654954-26-006537 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000165495426006537