m_and_a
confidence high
sentiment positive
materiality 0.75
ONAR acquires JUICE for $2M cash and stock; expects to double revenue
Onar Holding Corp
- Subsidiary Storia acquires 100% of Juice Labs for $2M cash plus earnout based on 10% of Net New Revenue over 5 years, payable half cash half ONAR stock.
- Juice's co-founders Michael Lisovetsky and Troy Osinoff retained; Osinoff joins ONAR executive team.
- Acquisition expected to more than double Storia's revenue and enhance profitability.
- ONAR will integrate Juice's proprietary AI software 'Sour Grapes' into ONAR Labs.
- Juice's clients include Barstool Sports, Paris Hilton, L'Oréal, Ramp, TikTok partnerships.
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