secwatch.observer — SEC 8-K summary
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Issuer:     Onar Holding Corp (ONAR)
CIK:        0001682265
Form:       8-K/A
Filed at:   2025-03-20T23:59:59+00:00
Accession:  0001477932-25-001862
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONAR acquires Integrum; audited FY2023 rev $2.8M, net loss $1.74M, going concern
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682265/000147793225001862/0001477932-25-001862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682265/000147793225001862/reliant_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-001862

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