ONAR Announces Initial Closing of $15 Million Financing at a $25 Million Pre-Money Valuation to Fund the Largest Acquisition in Company History

Implied post-money valuation of approximately $40 million upon full funding and conversion; an additional senior secured facility of up to $5 million, also convertible into preferred equity on the same valuation basis, brings total new financing capacity to up to $20 million; approximately $6.5 mil…