India, Feb. 19 -- Onar Holding Corporation (ONAR) Wednesday announced that it has signed a Letter of Intent to acquire a marketing technology company and merge it with its subsidiary, Storia. The financial terms of the transaction has not been disclosed.
The LOI sets preliminary terms, with both parties conducting due diligence before finalizing an agreement.
The acquisition is expected to double Storia's revenue and enhance EBITDA through growth and operational efficiencies.
The transaction is expected to close in the first quarter.
ONAR is currently trading on $0.07, up 5.90 percent or $0.0039 on the OTC Markets.
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