---
title: "Onfolio Holdings Stock Surges Over 45% Pre-Market: Why is it Moving?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295907276.md"
description: "Onfolio Holdings (ONFO) shares surged over 45% in pre-market trading following the disclosure of its August 6 annual shareholder meeting results. Shareholders re-elected CEO Dominic Wells and other directors, ratified AstraAudit as independent auditors, approved an equity purchase facility allowing issuance of up to 19.99% of outstanding stock, and increased authorized common shares from 300 million to 600 million."
datetime: "2026-08-14T08:18:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295907276.md)
  - [en](https://longbridge.com/en/news/295907276.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295907276.md)
generator: "portal-rs"
---

# Onfolio Holdings Stock Surges Over 45% Pre-Market: Why is it Moving?

**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.*

 **Read Also: Nu Holdings Stock Trending After Hours as Record $1.1 Billion Profit Beats Estimates** 

*Photo courtesy: Spyro the Dragon on Shutterstock.com*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**