ONAR (ONAR) Holding Corporation retired approximately $311,000 of outstanding debt through a voluntary conversion into ONAR common stock by certain noteholders. The transaction reduces ONAR’s debt and future interest expense, simplifies its capital structure, and further aligns long-term capital partners with shareholders as the Company integrates and scales recent acquisitions, including JUICE and Retina.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONAR: