ONAR Completes Sale of Certain Legacy Assets in a Secured $1.5 Million Seller-Financed Transaction

Core Viewpoint - ONAR Holding Corporation has completed the sale of substantially all assets of VMED Services, LLC to VMED Consulting Inc., transitioning non-core assets into a structured payment obligation while excluding intellectual property related to the 'Of Kos' brand from the sale [1][2][3]. Transaction Details - The transaction closed on December 31, 2025, and became effective as of December 30, 2025 [1]. - The purchase price includes a promissory note of $1,500,000 issued by VMED Consulting to ONAR, LLC [8]. - The payment structure involves monthly payments starting the month after closing, with a final balloon payment due on the sixth anniversary of the closing date [8]. - The note is secured by collateral and supported by a personal guaranty [8]. - Included assets consist of business operations, goodwill, client relationships, contracts, accounts receivable, and certain intellectual property, while excluding intellectual property related to the 'Of Kos' brand [8]. Strategic Focus - The transaction aligns with ONAR's strategy to manage its portfolio by focusing on core operations and enhancing its AI-enabled marketing platform [2][3]. - CEO Claude Zdanow emphasized the importance of streamlining the business to allocate resources towards high-value platforms and capabilities [3]. Company Overview - ONAR Holding Corporation operates as an AI-powered marketing platform that acquires and scales specialist marketing agencies [6]. - The company integrates these agencies into a shared technology infrastructure, enhancing their capabilities through data-driven analytics [6]. - ONAR is actively pursuing additional acquisitions to expand its platform and accelerate growth [7].