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ONAR Holding Corporation entered into a settlement agreement on July 16, 2026, to resolve a breach of contract lawsuit…
ONAROnar Holding Corp
ONAR Holding Corporation entered into a settlement agreement on July 16, 2026, to resolve a breach of contract lawsuit filed by the Jeffrey L. Feinberg Personal Trust. The settlement addresses a $1,500,000 Senior Secured Promissory Note originally issued by ONAR LLC's predecessor. Under the terms, the Company will pay the $1,500,000 principal plus 18% simple annual interest. Payments include an initial $50,000, a $300,000 installment by August 30, 2026, and fourteen quarterly installments of $75,000, with a final true-up in February 2030. The agreement includes a mutual release of claims and restrictions on the Trust regarding short selling and trading volume of Company stock. ONAR Holding Corporation is a holding company that operates through its subsidiary, ONAR, LLC.