# Onar Holding Corp (ONAR) — litigation/settled [announced]
Source: SEC API (secapi.ai) · situation sit_566b222eb7565d0545c0 · retrieved 2026-08-11T16:13:07.266Z

## Overview
ONAR Holding Corporation is an advertising services company (SIC 7310) operating through its subsidiary ONAR LLC.

ONAR LLC and ONAR Holding Corporation settled a breach-of-contract dispute with Jeffrey L. Feinberg Personal Trust on July 16, 2026 (effective July 13, 2026) regarding a $1,500,000 Senior Secured Promissory Note originally issued by ONAR's predecessor entity. Under the settlement agreement, ONAR agreed to pay the Trust $1,500,000 in principal plus 18% per annum simple interest accruing from March 18, 2024. The payment schedule consists of: (i) $50,000 within one business day of execution; (ii) $300,000 by August 30, 2026; (iii) fourteen quarterly installments of $75,000 beginning November 2026 through February 2030; and (iv) a final true-up payment in February 2030 for any remaining unpaid principal and accrued interest. The parties also agreed to mutual releases of all claims arising prior to the settlement and to dismiss the Delaware litigation with prejudice upon receipt and clearing of the initial $350,000 in payments.

## Terms
- Counterparty: Jeffrey L. Feinberg Personal Trust · Deal value: $1.5M · Consideration: cash

## Key dates
- Announced 2026-07-22 · Expected close 2030-02-01

## Timeline
- 2026-07-22 · 8-K (0001477932-26-004451): 8-K - Onar Holding Corp — *ONAR Holding Corporation is an advertising services company (SIC 7310) operating through its subsidiary ONAR LLC.* ONAR LLC and ONAR Holding Corporation settled a breach-of-contract dispute with Jeffrey L. Feinberg Personal Trust on July 16, 2026 (effective July 13, 2026) regarding a $1,500,000 Senior Secured Promissory Note originally issued by ONAR's predecessor entity. Under the settlement agreement, ONAR agreed to pay the Trust $1,500,000 in principal plus 18% per annum simple interest accruing from March 18, 2024. The payment schedule consists of: (i) $50,000 within one business day of execution; (ii) $300,000 by August 30, 2026; (iii) fourteen quarterly installments of $75,000 beginning November 2026 through February 2030; and (iv) a final true-up payment in February 2030 for any remaining unpaid principal and accrued interest. The parties also agreed to mutual releases of all claims arising prior to the settlement and to dismiss the Delaware litigation with prejudice upon receipt and clearing of the initial $350,000 in payments.
  https://www.sec.gov/Archives/edgar/data/1682265/0001477932-26-004451.txt

## Citations
- 0001477932-26-004451 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000147793226004451