secwatch.observer — SEC 8-K summary
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Issuer:     Onar Holding Corp (ONAR)
CIK:        0001682265
Form:       8-K
Filed at:   2026-08-11T21:10:50+00:00
Accession:  0001477932-26-004882
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONAR amends LOI to acquire Advertise Purple; option to extend closing to Sept 28 with $250k payment
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- Amendment No. 2 dated Aug 6, 2026 lets ONAR pay $250k by Aug 27, 2026 to extend Outside Date to Sept 28, 2026.
- If paid, total Down Payment becomes $1.25M and cash consideration at Closing increases to $12.825M.
- $1.25M of down payments credited dollar-for-dollar against purchase price at Closing.
- Definitive Agreement not yet executed; LOI remains non-binding except for specified binding provisions.
- Transaction is acquisition of 100% of Advertise Purple equity by ONAR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682265/000147793226004882/0001477932-26-004882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682265/000147793226004882/onar_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-004882

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