Onfolio Seeks Up to 1-for-250 Reverse Split and Nevada Move to Save Nasdaq Listing
ONFO is trading near its 52-week low of $0.765 (7.8% above the low).
Summary
Onfolio is asking shareholders to approve a reverse split of up to 1-for-250 and a move from Delaware to Nevada, doubling authorized shares to 600 million. The reverse split is a closing condition of its financing agreement with ATW Digital Assets.
Key Events · Corporate Governance and Compliance · ONFO
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Up to 1-for-250 Reverse Split Proposed
Board seeks authority for one or more reverse splits at a ratio of up to 1-for-250, far exceeding the 1-for-50 split executed on August 10, 2026. The stated purpose is Nasdaq minimum bid price compliance.
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Reverse Split Tied to Financing Agreement
The filing states the reverse split is a closing condition of Amendment No. 2 to the Securities Purchase Agreement with ATW Digital Assets XI LLC, making shareholder approval essential to the company's financing.
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Nevada Redomestication Doubles Authorized Shares
Proposal to convert from Delaware to Nevada would increase authorized common shares from 300 million to 600 million, giving the board flexibility for future capital raises without further stockholder approval.
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Annual Franchise Tax Savings of ~$200K
The company expects to save approximately $200,000 per year in Delaware franchise taxes by redomesticating to Nevada, where annual state fees are expected to total about $650.
Analysis · ONFO · Technology
Onfolio is asking shareholders to approve a reverse split of up to 1-for-250 — five times more aggressive than the 1-for-50 split it executed just six weeks ago — plus a redomestication to Nevada that doubles authorized common shares to 600 million. The filing states the reverse split is a closing condition of its amended securities purchase agreement with ATW Digital Assets XI LLC, meaning the company's financing depends on this vote. The Nevada move would cut roughly $200,000 in annual Delaware franchise taxes and give directors and officers broader liability protection, but it also hands the board a massive pool of unissued shares that could be used for future dilutive issuances without another shareholder vote.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1009 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.52%. 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 $0.83 on NASDAQ in the Technology sector, with a market capitalization of approximately $2M. The 52-week trading range was $0.77 to $123.92. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.