ONAR Announces Signing of Letter of Intent for Strategic Acquisition | PR Newswire [Video]

, /PRNewswire/ — Onar Holding Corporation (OTCQB:ONAR), a leading marketing technology company and network of marketing agencies, today announced that it has executed a Letter of Intent (LOI) to acquire a 100% stake in a marketing technology company that will be merged with its subsidiary, Storia. This strategic acquisition will double Storia’s revenue and aligns with ONAR’s mission to expand its network by operating best-in-class, tech-enabled businesses that service middle-market companies.

Acquisition Overview

• ONAR has signed a Letter of Intent (LOI) to acquire 100% of another marketing technology company, merging it with its subsidiary, Storia.
• The acquisition is projected to double Storia’s revenue and significantly improve EBITDA through accretive growth and operational efficiencies.
• The transaction is expected to close in Q1 2025, subject to due diligence, regulatory approvals, and a definitive agreement.

Transaction Details and Vision

The LOI outlines the preliminary terms of the acquisition and reflects the mutual interest of both parties to finalize the …