- Onfolio (ONFO) and Paramount Helium mutually agreed to terminate their previously announced binding letter of intent for a proposed strategic combination.
- The planned transaction was intended to establish Onfolio in the global industrial gas market.
- The deal was terminated because key closing conditions, including due diligence, Paramount's financing, and delivery of audited financial statements, were not met and were unlikely to be satisfied.
Onfolio terminates planned combination with Paramount Helium
Onfolio (ONFO) and Paramount Helium mutually agreed to terminate their previously announced binding letter of intent for a proposed strategic combination. The planned transaction was intended to establish Onfolio in the global industrial gas market. The deal was terminated because key closing conditions, including due diligence, Paramount's financi...