10/03/2025 | Press release | Distributed by Public on 10/03/2025 04:05
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Effective September 29, 2025, ONAR Holding Corporation (the "Company") amended its Articles of Incorporation (as amended, the "Articles of Incorporation") to increase the authorized number of shares of the common stock, par value $0.001 per share (the "Common Stock") of the Company from 450,000,000 shares to 1,000,000,000 shares (the "Amendment").
As previously disclosed in the Company's Definitive Information Statement, as filed with the United States Securities and Exchange Commission on Schedule 14C on August 20, 2025, the Amendment was approved by the Company's board of directors on July 30, 2025, subject to stockholder approval, and subsequently approved by written consent of approximately 83.5% of the voting power of the Company's outstanding Common Stock.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 5.07. Submission of Matters to a Vote of Security Holders
The information reported in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.