Onar Holding Corp
For the period ended Mar 31, 2026. Filed Jul 13, 2026.
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Mar 31, 2026 · Filed Jul 13, 2026
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Item 1. Legal Proceedings
On November 7, 2025, Jeffrey L. Feinberg Personal Trust (“Feinberg”) filed a complaint against ONAR, LLC in the Superior Court of the State of Delaware, Case No. N25C-11-060 SPL, alleging breach of contract and unjust enrichment related to a Senior Secured Promissory Note originally issued by Integrum Group, LLC (the Company’s predecessor entity) dated March 18, 2024, in the principal amount of $1,500,000. The Company has retained counsel, filed its Answer and Affirmative Defenses, and disputes the claims asserted. The parties are currently engaged in final settlement discussions and are in the process of completing definitive settlement documentation. At this time, management does not believe the ultimate resolution of this matter will have a material adverse effect on the Company’s financial condition, results of operations, or cash flows. See Note 7 to the condensed consolidated financial statements.
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