secwatch.observer — SEC 8-K summary
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Issuer:     Onar Holding Corp (ONAR)
CIK:        0001682265
Form:       8-K/A
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001477932-24-004456
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliant Holdings acquires HLDCO, LLC in preferred-stock deal
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682265/000147793224004456/0001477932-24-004456-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682265/000147793224004456/reliant_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-004456

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