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Stock impact report

Onconetix Announces Closing of Warrant Exercise for $1.11 Million Gross Proceeds [Yahoo! Finance]

Onconetix, Inc. (ONCO) 
Company Research Source: Yahoo! Finance
previously announced exercise of certain existing warrants to purchase 7,458,642 shares of its common stock having exercise prices ranging from $1.09 to $2.546 per share, at a reduced exercise price of $0.15 per share. The aggregate gross proceeds from the exercise of the existing warrants were approximately $1.11 million, before deducting placement agent fees and other offering expenses payable by the Company. H.C. Wainwright acted as the exclusive placement agent for this transaction. The Company expects to use the net proceeds from the transaction for working capital and general corporate purposes. The shares of common stock issued upon exercise of the existing warrants are registered pursuant to an existing registration statement on a Form S-1 (File No. 333-277066), declared effective by the Securities and Exchange Commission (the “SEC”) on July 1, 2024. In consideration for the immediate exercise of the existing warrants for cash, the Company issued new unregistered warra Show less Read more
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