---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-005870"
form_type: "8-K"
ticker: "ONAR"
cik: "0001682265"
company_name: "Onar Holding Corp"
filed_at: "2026-09-29T13:00:59+00:00"
generated_at: "2026-10-12T13:44:02.502694+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ONAR closes initial $15M financing at $25M pre-money; funds largest acquisition, $6.4M debt exchanged

## Summary
- Initial closing: $3,944,444.44 principal of secured convertible notes sold for $3,550,000 cash (10% OID, 8.0% coupon, 18-month maturity); up to $15M total.
- Exchange Notes totaling $7,089,317.25 principal issued for $6,380,385.52 of existing debt, including a 10% exchange premium; ~$6.5M of legacy notes and warrants retired.
- Senior secured facility: $3,944,444.44 principal for $3,550,000 plus 9,202,613 incentive shares; 12.0% coupon, matures Sept 28, 2027; up to $5M total.
- Conversion price fixed at $0.038576/share (implies $25M pre-money on 648,070,547 fully diluted shares); warrants for 102,251,256 shares at $0.0482, five-year term.
- Proceeds fund a previously announced U.S. affiliate marketing agency acquisition; notes auto-convert to Series 1 Preferred on Nasdaq uplisting; assets pledged to ADI Funding LLC.

## SEC filing metadata
- accession: 0001477932-26-005870
- form_type: 8-K
- ticker: ONAR
- cik: 0001682265
- company_name: Onar Holding Corp
- filed_at: 2026-09-29T13:00:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682265/000147793226005870/0001477932-26-005870-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682265/000147793226005870/onar_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-005870
- JSON: https://secwatch.observer/filing/0001477932-26-005870.json
- Plain text: https://secwatch.observer/filing/0001477932-26-005870.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.