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Onar Holding (OTCQB:ONAR) has signed a Letter of Intent (LOI) to acquire a 100% stake in an unnamed marketing technology company, which will be merged with its subsidiary, Storia. The strategic acquisition, expected to close in Q1 2025, is projected to double Storia's revenue and significantly improve EBITDA through accretive growth and operational efficiencies.
The merger aims to generate new solutions using disruptive marketing and technology while creating growth opportunities in the marketing industry. The completion is subject to due diligence, regulatory approvals, and a definitive agreement. CEO Claude Zdanow emphasized that the target company's expertise, technology stack, and intellectual property align with ONAR's vision for its performance marketing vertical.
Onar Holding (OTCQB: ONAR), formerly known as Reliant Holdings, has received FINRA approval for its new corporate name and ticker symbol change from RELT to ONAR. This development marks the completion of the company's reverse merger process. The marketing technology company and network of marketing agencies positions this change as a foundation for future growth, strategic acquisitions, and market expansion plans.
iQSTEL (OTCQX: IQST) has announced a strategic partnership with ONAR (OTCQB: RELT) to launch a transformative rebranding initiative. This collaboration aims to enhance iQSTEL's visibility, amplify its value proposition, and position the company for accelerated growth in telecommunications, fintech, electric vehicles, and AI services. The initiative comes as iQSTEL prepares for its Nasdaq uplisting and targets $1 billion in revenue by 2027.
iQSTEL projects revenue growth from $144.5 million in 2023 to $290 million in 2024, with one-third of this growth expected to be organic. The partnership with ONAR and its agency STORIA aims to increase iQSTEL's appeal to institutional investors by effectively communicating the company's growth prospects and leadership in key market segments.
The rebranding effort is designed to establish iQSTEL as a forward-thinking tech company, capitalizing on its strong business platform and trust with major telecommunications partners. This initiative is expected to drive long-term shareholder value and support iQSTEL's expansion into high-margin sectors.
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