Reliant Holdings acquires HLDCO, LLC in preferred-stock deal

Onar Holding Corp

Acquired 100% of HLDCO, LLC on July 25, 2024; consideration: 3,645 Series B, 6,570 Series C, and 100 Series D preferred shares.
Series B converts at 90% of 10-day VWAP; carries 2% quarterly dividend; liquidation preference.
Series C converts to 51% of fully diluted common on liquidation; no dividends or voting rights.
Series D converts to 750,000 common shares per share once authorized; carries 750,000 votes per share.
Members include Mount Olympus Ventures (related party), Apollo Capital Corp., and M2B Funding Corp.

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