secwatch.observer — SEC 8-K summary
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Issuer:     Onar Holding Corp (ONAR)
CIK:        0001682265
Form:       8-K
Filed at:   2026-07-31T21:15:58+00:00
Accession:  0001477932-26-004647
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONAR pays $1M down payment for Advertise Purple acquisition; refundable only if seller fails to sign
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- ONAR paid $1,000,000 down payment to Advertise Purple toward acquisition of 100% equity.
- Down payment refundable only if ONAR is ready to close but Advertise Purple or sellers fail to sign definitive agreement.
- Outside date for signing definitive agreement is August 27, 2026; otherwise LOI and amendment terminate.
- Total purchase price up to $27.5M: $12.5M cash at closing, $7M seller note, up to $8M earn-out.
- Amendment removes prior legal fee reimbursement provision; each party bears own expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682265/000147793226004647/0001477932-26-004647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682265/000147793226004647/onar_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-004647

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