Onar Holding amends LOI for Advertise Purple acquisition, sets $1 million down payment

Onar Holding amended its non-binding LOI to acquire Advertise Purple, with a fully negotiated purchase agreement form tied to the deal.

Terms include a $1 million down payment credited dollar-for-dollar against the closing purchase price.

The payment becomes refundable only if Onar issues a closing-readiness notice and Advertise Purple’s side does not sign and close within five business days.

The outside date is set for Aug. 27, 2026; the LOI terminates automatically if the purchase agreement is not executed by then.

If all parties sign by the outside date, Onar must fund the purchase price within two business days or the LOI terminates.