Onfolio to acquire DDS Rank business for $600,000

Onfolio Holdings announced that it has entered into an agreement to acquire the majority interest in the assets of SEO Marketing Inc. doing business as “DDS Rank.” The company expects the acquisition to close early next week. DDS Rank provides dentists with digital marketing services including search-engine optimization, paid advertising, and web design. During 2023, DDS Rank generated approximately $310,000 in revenue and $190,000 in unaudited adjusted earnings before interest, taxes, depreciation and amortization. Onfolio believes that within the next 1 or 2 fiscal quarters, it can double the revenue and EBITDA of DDS rank through increased marketing efforts and operational improvements. The purchase price is $600,000. Onfolio’s special purpose vehicle, which continues to raise capital that is not dilutive to Onfolio shareholders, is investing $200,000 in exchange for 34% of DDS Rank. Onfolio will own 66% of DDS Rank in exchange for $200,000 of Series A Preferred Shares and through a secured promissory note for $200,000 due on May 31, 2026. “We now have a clear path and timeline to profitability, without the need for raising any additional equity capital,” Onfolio said.