ONCO - $4.05 - Well off of the PM high... Today is the last day that the Series C Preferred Stock can be converted into common shares at $3.50... With todays volume, I would think that those shares have most likely been absorbed...
On July 16, 2025, Onconetix exercised its right, pursuant to Section 8(g) of the Series C Certificate of Designation, to lower the conversion price of the Series C Preferred Stock (each, a “Conversion Price Reduction”) to $3.50 (the “Reduced Conversion Price”) until July 31, 2025.
On July 16, 2025, all holders of Series C Preferred Stock approved, by written consent, the Conversion Price Reduction (the “Conversion Price Reduction Consent”).
The form of the Conversion Price Reduction Consent is attached as Exhibit 10.3. The description of the terms of the Conversion Price Reduction Consent is not intended to be complete and is qualified in its entirety by reference to such exhibit.
DISCLAIMER: Anything that I may post should be viewed as a personal opinion. Do not misconstrue these opinions as investment or trading advice. All posts are for entertainment purposes only!