ORIONS Money Stocks

[CrazyC]

ONCO - The reason this went down is because the conversion price of the Series C Convertible Preferred stock was lowered from $4.50 to $3.50 per share, due to a "triggering event"... I am averaged in at $3.53....

https://www.sec.gov/Archives/edgar/data/1782107/000121390025064469/ea024881501ex10-3_oncone.htm

Pursuant to Section 8(g) of the Certificate of Designations, we hereby provide you with notice that the Company desires your consent pursuant to Section 8(g) of the Certificate of Designations, to lower the Conversion Price of your Securities for each date after the Effective Time (as defined below) until July 31, 2025 (each, a “Conversion Price Reduction”), effective (the “Effective Time”) as of the time of your execution of this letter and the execution of other letters in the form of this Letter by the Required Holders (as defined in the Certificate of Designations), to $3.50 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations and similar events, the “New Alternate Conversion Price”). Please execute this letter in the signature block below if you consent to the Company effecting the Conversion Price Reduction.

From the original S-1 registration statement:

https://www.sec.gov/Archives/edgar/data/1782107/000121390024098814/ea0221380-424b4_onconetix.htm

up to 2,752,128 shares of Common Stock, which represents 150% of the aggregate number of shares of Common Stock issuable upon the conversion or exercise, as applicable, of the 3,499 shares of Series C preferred stock (the “Series C Preferred Stock”) and warrants to purchase 591,856 shares of Common Stock (the “PIPE Warrants”) issued to institutional investors in a private placement transaction, which closed on October 2, 2024.

The conversion price of the Series C Preferred Stock is $4.5056, subject to adjustment as provided in the Certificate of Designations.