ONAR Holding Makes Second Down Payment for Largest Acquisition
MIAMI, Sept. 01, 2026 /CourierPR/ -- ONAR Holding Corporation, an AI-powered marketing platform, has made significant strides in executing its capital plan, according to a recent press release. On August 27, 2026, the company paid a second down payment of $250,000 towards its potential acquisition of a leading U.S. affiliate marketing agency, a deal that would be the largest in the company’s history. This brings the total down payments to $1.25 million, all of which will be credited dollar-for-dollar against the purchase price at closing. The down payment was funded with bridge financing from lenders involved in the company’s proposed $15 million financing.
Furthermore, ONAR completed the retirement of a secured convertible promissory note, canceling both the note and the related warrant, and returning 6 million previously issued shares to the company for cancellation. This move aligns with the company’s ongoing effort to clean up its balance sheet.
The definitive purchase agreement for the proposed acquisition has been fully negotiated and remains in signature-ready form. The second down payment was made under the terms of the extended timeline in Amendment No. 2 to the letter of intent, as detailed in the company’s Current Report on Form 8-K filed on August 11, 2026.
Claude Zdanow, CEO of ONAR, stated, “In July, I told our stockholders we had four priorities, and that we would report on each as it moved from plan to fact. This is what that looks like. We now have $1.25 million placed against the largest acquisition we’ve ever pursued, the lenders behind our proposed financing are funding the path to it, and another convertible note is gone, with six million shares coming back to the company instead of new ones going out. None of this is a closing, and the letter said that plainly too. But every piece of the plan is in motion, and the date on the calendar is one we set ourselves.”
The proposed acquisition, subject to closing, remains contingent on several conditions, including the successful completion of the $15 million financing. Zdanow noted, “There can be no assurance that the definitive purchase agreement will be executed or that the proposed transaction will be consummated. The complete terms of the down payments, including the limited circumstances in which they are refundable, are detailed in the company’s Current Reports on Form 8-K filed on July 31, 2026, and August 11, 2026.”
ONAR Holding Corporation, operating under the ticker symbol OTC PINK: ONAR, continues to expand its platform through disciplined acquisitions and proprietary technology development. The company’s technology division, ONAR Labs, houses marketing intelligence platforms such as ONAR AI, Retina AI, and Cortex, designed to enhance productivity and predictive customer intelligence across its agencies.
As of its last report, the company faced substantial doubt about its ability to continue as a going concern, necessitating additional financing to ensure its operations. The ongoing negotiations for the $15 million financing and the down payment towards the proposed acquisition reflect the company’s commitment to these efforts.
The forward-looking statements contained in the press release emphasize the risks and uncertainties associated with the company’s plans, including the potential for the financing not to be completed as anticipated and the possibility that the proposed transaction may not be consummated. Detailed risk factors are available in the company’s filings with the SEC, including its Annual Report on Form 10-K and Quarterly Report on Form 10-Q.