M&A - Reliant Holdings, Inc.

Form Type: 10-K

Filing Date: 2025-04-15

Corporate Action: Acquisition

Type: New

Accession Number: 000147793225002756

Filing Summary: ONAR Holding Corporation presents its annual report for the fiscal year ended December 31, 2024. The company, originally incorporated as Reliant Holdings, Inc. in 2014, underwent a significant transformation with the acquisition of HLDCO, LLC and its subsidiary, Integrum Group, LLC, through a reverse merger on July 25, 2024. This strategic move allowed ONAR to expand its operational capabilities in marketing technology, leveraging technology-driven approaches to enhance service offerings in digital marketing, healthcare marketing, and experiential marketing. Furthermore, ONAR rebranded itself from Reliant Holdings to better reflect its focus on innovative marketing solutions. The report outlines the company's business strategy, emphasizing its commitment to technological advancement, particularly in artificial intelligence (AI), and highlights the growing importance of digital transformation across sectors. The company aims to capitalize on market opportunities through strategic acquisitions and organic growth, while enhancing client engagement and operational efficiency. ONAR's competitive landscape is detailed, along with its ongoing initiatives aimed at harnessing data analytics and sustainable practices to drive growth.

Form Type: NT 10-K

Filing Date: 2025-04-01

Corporate Action: Merger

Type: Update

Accession Number: 000147793225002289

Filing Summary: Onar Holding Corporation (ONAR) is submitting a notification of late filing for its Form 10-K for the period ended December 31, 2024, due to significant challenges related to audits connected with a recent merger and acquisition involving Reliant Holdings (RELT). This is the first-year audit for ONAR, which necessitates considerable effort to establish opening balances and confirm proper accounting treatments in compliance with ASC 805 and US GAAP. Consequently, additional time is required to accurately review acquisition-date balances and purchase price allocations. The team is working closely with auditors to expedite the process and plans to file the subject report within the stipulated extension period.

Form Type: 8-K/A

Filing Date: 2025-03-20

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225001862

Filing Summary: Onar Holding Corporation filed Amendment No. 2 to its current report on Form 8-K, originally dated June 13, 2024, regarding the acquisition of Integrum Group, LLC. This amendment provides the financial statements and pro forma financial information that were not previously included in the Original Report. The amendment confirms that, aside from this explanatory note and the inclusion of the required financial statements, there are no other changes to the Original Report. The attachment includes the audited financial statements of Integrum for 2023 and 2022, and unaudited financial statements for the six months ended June 30, 2024 and 2023. Additionally, it includes unaudited pro forma financial information which reflects the effect of the acquisition on the Company's finances, prepared in accordance with Article 11 of Regulation S-X.