Onconetix (ONCO) introduced the September 22, 2025 signing and shutting of a non-public placement of shares of the Firm’s Sequence D Convertible Most popular Inventory, $0.00001 par worth, and warrants to buy as much as an combination of 4,362,827 shares of the Firm’s frequent inventory, $0.00001 par worth per share, for an combination buy worth of roughly $12.9 million. Roughly $9.3 million was paid in money and the stability was used to offset sure quantities owed by the Firm to sure buyers. The Sequence D Most popular Inventory are initially convertible into an combination of 4,362,827 shares of Frequent Inventory, topic to sure anti-dilution changes. The Warrants may have an preliminary train worth of $3.6896 per share, topic to sure anti-dilution changes, and are exercisable starting on the issuance date and expiring on the third anniversary of the Preliminary Exercisability Date. The Firm has filed a Present Report on Type 8-Okay with the Securities and Alternate Fee on September 26, 2025, with extra particulars of the transaction. The Firm agreed to hunt stockholder approval for the issuance of the entire shares of Frequent Inventory issuable upon conversion of the Sequence D Most popular Inventory and train of the Warrants in accordance with the foundations and laws of the Nasdaq Inventory Market. In full satisfaction of the Firm’s roughly $8.8 million debt to Veru (VERU), Inc., roughly $6.3 million of the money proceeds from the Financing Transaction was paid to Veru, Inc., and the remaining $2.5 million of debt was transformed into 3,125 shares of Sequence D Most popular Inventory and 846,975 warrants as a part of the Financing Transaction. The Firm intends to make use of the remaining web money proceeds from the Financing Transaction to cowl prices and bills related to the termination of a beforehand contemplated enterprise mixture with Ocuvex, Inc., and for working capital and common company functions.
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