Onfolio sells BWPS WordPress business for $780,000

Onfolio (ONFO) Holdings has completed the sale of its BWPS WordPress business for $780,000 to WebStreet in an all-cash deal, with $650,000 cash released immediately and $130,000 held back pending final completion of migration. The Company expects to record a capital gain of approximately $150,000 from the sale. For the fiscal year ended 12/31/2023, the BWPS WordPress business generated approximately $360,000 in revenue and $200,000 in unaudited adjusted earnings before interest, taxes, depreciation and amortization