Onfolio ends Paramount Helium deal talks, terminates LOI

Reuters2026/07/22 12:32

By:Reuters

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Onfolio terminated its binding LOI with Paramount Helium for a strategic combination aimed at entering the global industrial gas market.
Closing conditions were unlikely to be met, including due diligence completion, Paramount’s capital raise, and delivery of audited financials.
Both parties agreed to end talks and pursue alternative business plans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Onfolio Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607220830PRIMZONEFULLFEED9766215) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Onfolio ends Paramount Helium deal talks, terminates LOI

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