Onfolio Discloses Default on $850K Note, Wins Conditional Forbearance With $450K Due Oct 31
ONFO is trading near its 52-week low of $0.5 (7.0% above the low).
Summary
Onfolio's Eastern Standard unit defaulted on its $850,000 acquisition note, which matured October 1 unpaid. Enforcement is on hold only if $450,000 is paid by October 31, 2026, with the rest due through July 2027.
Key Events · Legal and Risk Events · ONFO
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Note Defaulted and Matured Unpaid
Eastern Standard missed the September 1, 2026 interest installment and the $850,000 promissory note matured October 1, 2026 without payment, creating continuing events of default.
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$450,000 Due by October 31
Forbearance only takes effect once the lender receives a $450,000 initial payment by October 31, 2026; the obligation is absolute with no offset or condition.
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$915,754 Total Payoff Schedule
The $450,000 initial payment plus seven $60,000 monthly payments from December 1, 2026 and a $45,754.29 final payment on July 1, 2027 equals $915,754.29, including a $20,000 late charge.
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No Cure, No Extension
The note remains matured, default-rate interest keeps accruing, and the lender's lien on Eastern Standard's assets and Onfolio's guaranty stay in force until all payments clear.
Analysis · ONFO · Technology
The lender has agreed only to a conditional pause on Onfolio's Eastern Standard subsidiary, which stopped paying on the $850,000 note it issued to fund that acquisition, missed the September 1 interest installment, and let the note mature on October 1 without repaying it. Under the terms, $450,000 must arrive by October 31, 2026, followed by $60,000 a month starting December 1 and a $45,754.29 final payment on July 1, 2027, totaling $915,754.29 including a $20,000 late charge. Nothing is cured or extended — the note stays matured, default interest keeps accruing, and the lender keeps its lien on Eastern Standard's assets plus Onfolio's guaranty. Missing the October 31 payment lets the lender move immediately against those assets. For a company that just completed a 1-for-50 reverse split and is working through a Nasdaq equity-compliance extension to November 23, 2026, a $450,000 cash call in under two weeks is a real liquidity test.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 37.4% of the 952 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ONFO was trading at $0.54 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.3M. The 52-week trading range was $0.50 to $123.92. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.