Onar Holding Corp 8-K

What Happened
ONAR Holding Corporation (ONAR) filed a Form 8-K on June 22, 2026 notifying investors that it amended its Articles of Incorporation to increase the number of authorized shares of common stock, par value $0.001, from 1,000,000,000 to 3,000,000,000. The board approved the amendment and it was authorized by written consent representing approximately 76.8% of the voting power of outstanding common stock on May 5, 2026. The certificate of amendment is filed as Exhibit 3.1 to the 8-K.

Key Details

• Authorized common shares increased from 1,000,000,000 to 3,000,000,000 (effective June 22, 2026).
• Board approval and written shareholder consent representing ~76.8% of voting power occurred on May 5, 2026.
• Common stock par value remains $0.001 per share.
• The Certificate of Amendment is included as an exhibit to the 8-K.

Why It Matters
Increasing authorized shares does not itself issue new shares, but it gives the company legal capacity to issue up to 2 billion additional common shares in the future. That provides flexibility for potential capital raises, stock-based compensation, acquisitions, or other corporate purposes. Existing shareholders should be aware this change enables future dilution if the company issues additional shares, though any actual issuance would be disclosed separately.