ONAR completed the sale of certain legacy assets in a secured $1.5 million seller-financed transaction.
The transaction closed on December 31, 2025, and became effective on December 30, 2025.
The sale involved assets related to the 'Of Kos' agency brand, excluding intellectual property.
ONAR aims to focus on its AI-powered marketing platform and technology initiatives post-sale.
Stated Purchase Price
$1,500,000 promissory note issued by VMED Consulting to ONAR, LLC.
Payment Structure
Monthly payments start after closing, with final balloon payment due in six years.
Credit Support
The note is secured by collateral and supported by a personal guaranty.
Assets Included/Excluded
Included: business operations, goodwill, client relationships, excluded: intellectual property related to 'Of Kos' brand.
- The transaction supports ONAR's focused portfolio management approach.
- It allows ONAR to allocate resources to strategic areas like its AI-enabled marketing platform.
- The structured sale provides credit enhancements and protections for ONAR.
- Exclusion of 'Of Kos' brand intellectual property ensures its retention by ONAR.
The sale of legacy assets marks ONAR's commitment to streamlining its business and enhancing long-term value.