secwatch / observer
8-K filed June 18, 2024, 7:59 PM ET ticker ONAR CIK 0001682265
M&A confidence high sentiment neutral materiality 0.90

Onar Holding Corp (ONAR): M&A transaction — RELT: Acquires HLDCO LLC; Zdanow takes control as CEO

Onar Holding Corp

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Elijah May

President and Chief Executive Officer
ONAR · Onar Holding Corp
Effective
2024-06-13
Successor
Claude Zdanow
Filed
June 18, 2024, 7:59 PM ET
On June 13 2024, Elijah May, as the Company’s sole director, signed a board resolution, whereby Mr. May resigned from his positions as director, Chief Executive Officer, and President of the Company, effective as of June 13, 2024.
Appointed

Claude Zdanow

President and Chief Executive Officer
ONAR · Onar Holding Corp
Effective
2024-06-13
Filed
June 18, 2024, 7:59 PM ET
In the same board resolution, Claude Zdanow was appointed as a director of the Company by its Board of Directors, holding the positions of President and Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Elijah May resigned as President and Chief Executive Officer at Onar Holding Corp.

Action
resigned
Role
President and Chief Executive Officer
Exact text from the filing
On June 13 2024, Elijah May, as the Company’s sole director, signed a board resolution, whereby Mr. May resigned from his positions as director, Chief Executive Officer, and President of the Company, effective as of June 13, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Claude Zdanow was appointed as President and Chief Executive Officer at Onar Holding Corp.

Action
appointed
Role
President and Chief Executive Officer
Exact text from the filing
In the same board resolution, Claude Zdanow was appointed as a director of the Company by its Board of Directors, holding the positions of President and Chief Executive Officer.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Onar Holding Corp completed an acquisition involving Members of HLDCO, LLC, which include Mount Olympus Ventures, Inc., Apollo Capital Corp., and M2B Funding Corp. for 75,000,000 shares of the Company's common stock, par value $0.001 per share, exactly 3,645 shares of newly designated Series B Preferred Stock, par value $0.000 (closed 2024-06-17).

Action
acquisition
Counterparty
Members of HLDCO, LLC, which include Mount Olympus Ventures, Inc., Apollo Capital Corp., and M2B Funding Corp.
Consideration
75,000,000 shares of the Company's common stock, par value $0.001 per share, exactly 3,645 shares of newly designated Series B Preferred Stock, par value $0.000
Closing
2024-06-17
Exact text from the filing
The transaction was completed by and between the Company and the Members of HLDCO, LLC, which include Mount Olympus Ventures, Inc., Apollo Capital Corp., and M2B Funding Corp.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Onar Holding Corp underwent a change of control involving Claude Zdanow for four hundred thousand dollars ($400,000.00) (closed 2024-06-13).

Action
change of control
Counterparty
Claude Zdanow
Consideration
four hundred thousand dollars ($400,000.00)
Closing
2024-06-13
Exact text from the filing
Mount Olympus Ventures, Inc., a company owned by Claude Zdanow). The amount of the consideration in purchasing the Series A Preferred Stock was four hundred thousand dollars ($400,000.00).
View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Onar Holding Corp filing history →

Source: SEC EDGAR
accession 0001477932-24-003744
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