secwatch.observer — SEC 8-K summary
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Issuer:     Onar Holding Corp (ONAR)
CIK:        0001682265
Form:       8-K
Filed at:   2026-09-29T13:00:59+00:00
Accession:  0001477932-26-005870
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682265/000147793226005870/0001477932-26-005870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682265/000147793226005870/onar_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-005870

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