Onar Holding Corp (ONAR) Form 8-K — Aug 11, 2026
ONAR Holding Corporation entered Amendment No. 2 to its letter of intent with Advertise Purple, Inc. on August 6, 2026, granting ONAR the right to extend the deal outside date from August 27, 2026 to September 28, 2026 by paying a $250,000 Second Down Payment. If the payment is made, aggregate down payments rise to $1,250,000 and the cash consideration payable at closing increases to $12,825,000, with the down payments credited dollar-for-dollar against the purchase price for the proposed acquisition of 100% of Advertise Purple's equity.
Key figures
- Deal Value Usd
- 12825000
- Second Down Payment
- 250000
- Outside Date Extended
- September 28, 2026
- Outside Date Original
- August 27, 2026
- Aggregate Down Payment
- 1250000
AI analysis
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