Onfolio Holdings Inc. (NASDAQ:ONFO) shares surged 46.8% to $3.39 in pre-market trading on Friday.
In the regular session, the stock closed at $2.31, down 1.70%, according to Benzinga Pro data.
Onfolio Files Annual Meeting Results
On Aug. 11, Onfolio filed a Securities and Exchange Commission filing disclosing results from its Aug. 6 Annual Meeting.
According to the SEC filing, shareholders elected CEO Dominic Wells and directors Andrew Lawrence, David McKeegan and Mark N. Schwartz to the board, to serve until the 2027 Annual Meeting or until their successors have been duly elected or appointed and qualified.
Shareholders also ratified AstraAudit & Advisory, LLC as the company’s independent registered public accountants for fiscal year 2026.
They further approved the potential issuance of more than 19.99% of Onfolio’s outstanding common stock under an existing equity purchase facility agreement and authorized increasing authorized common shares from 300 million to 600 million.
Trading Metrics, Technical Analysis
Over the past 52 weeks, its stock has traded as high as $123.92 and as low as $2.06. The company has 850,000 shares outstanding.
ONFO has a Relative Strength Index (RSI) of 22.85.
Over the past 12 months, the stock has surged 113.89%
Benzinga’s Edge Stock Rankings indicate that ONFO stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Spyro the Dragon on Shutterstock.com
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