Still betting on Nvidia? Our AI picked this stock instead; it’s up 96%+ THIS MONTH
On February 6, 2025, Onar Holding Corporation, a construction special trade contractor based in Los Angeles, California, announced the approval of its 2025 Omnibus Incentive Plan. This new plan, which was not subject to shareholder approval, is designed to provide a variety of compensation opportunities to the company’s employees, officers, directors, and consultants.
The 2025 Plan, effective immediately after board approval, allows for the issuance of up to 45 million shares of common stock. These shares can be allocated across a diverse range of awards, including options, stock appreciation rights, restricted shares, restricted stock units, performance-based awards, other share-based awards, and cash-based awards.
The Board of Directors will consider the nature of services provided, the individual’s current and potential future contributions to the company’s success, and other relevant factors when determining eligibility and allocation of awards.
This strategic move by Onar Holding Corp, which trades on the OTCQB under the ticker ONAR, aims to incentivize and retain key personnel by aligning their interests with those of the company and its shareholders.
The detailed terms of the 2025 Omnibus Incentive Plan are outlined in the full text of the plan, which is attached as an exhibit to the company’s recent 8-K filing with the Securities and Exchange Commission. This announcement is based on the press release statement provided in the filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.