Onar announces signing of letter of intent for strategic acquisition

Onar (ONAR) Holding announced that it has executed a Letter of Intent 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 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.