M&A
confidence high
sentiment negative
materiality 0.80
ONAR acquires Integrum; audited FY2023 rev $2.8M, net loss $1.74M, going concern
Onar Holding Corp
- Integrum revenue $2.8M in 2023 vs $3.13M in 2022; net loss $1.74M each year.
- Total liabilities $1.94M exceed total assets $1.43M at Dec 31, 2023; cash just $1,015.
- Auditor flags substantial doubt about going concern due to recurring losses.
- Acquisition closed June 2024; pro forma financials filed with this amendment.
- Integrum reported member deficit of $515k and negative operating cash flow in 2023.