secwatch.observer — SEC 8-K summary
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Issuer:     Onar Holding Corp (ONAR)
CIK:        0001682265
Form:       8-K
Filed at:   2026-07-22T20:30:34+00:00
Accession:  0001477932-26-004451
Event type: litigation
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONAR settles $1.5M promissory note dispute with 18% interest; payment plan through 2030
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- Settlement of breach-of-contract lawsuit: ONAR to pay $1.5M principal plus 18% simple interest from March 2024.
- Payment schedule: $50k immediately, $300k by Aug 30, 2026, then 14 quarterly $75k installments, final true-up Feb 2030.
- Mutual release of all claims; trust and Feinberg agree not to short ONAR stock or sell >10% of 5-day avg volume per day.
- Note and security interests to be released upon full payment; no admission of liability.
- Non-disparagement clause with $50k liquidated damages per breach.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682265/000147793226004451/0001477932-26-004451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682265/000147793226004451/onar_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-004451

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer