Onar Holding Corp (ONAR) Form 8-K — Jul 31, 2026
Onar Holding Corp entered into an Amended Letter of Intent to acquire Advertise Purple, Inc. for an aggregate purchase price of up to $27.5 million. The agreement includes a $1 million down payment which is generally non-refundable, with the total consideration comprising $12.5 million in cash at closing, a $7 million unsecured note, and an earn-out of up to $8 million based on gross profit targets. The parties have agreed to an outside date of August 27, 2026, to execute the definitive purchase agreement.
Key figures
- Deal Value Usd
- 27500000
- Seller Note
- 7000000
- Down Payment
- 1000000
- Outside Date
- 2026-08-27
- Cash At Closing
- 12500000
- Earnout Potential
- 8000000
AI analysis
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