• Onar completed an initial closing of a $15 million financing that can convert into preferred equity at a $25 million pre-money valuation.
• Conversion occurs only upon completion of a Nasdaq listing, implying an approximately $40 million post-money valuation upon conversion.
• A senior secured facility of up to $5 million is also convertible into preferred equity on the same valuation basis.
• Holders of about $6.5 million of existing notes exchanged those obligations into the new financing, retiring the exchanged notes and related warrants.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Onar Holding Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609290830PRIMZONEFULLFEED9835928) on September 29, 2026, and is solely responsible for the information contained therein.