other material
confidence high
sentiment neutral
materiality 0.60
Onterris adopts shareholder rights plan (poison pill) with 15% trigger and $105 exercise price
Onterris, Inc.
- Board declared one preferred share purchase Right per common share, payable Aug 17, 2026 to holders of record.
- Each Right buys 1/1000th of Series B Preferred at $105.00, subject to adjustment.
- Rights separate upon 15% beneficial ownership acquisition (Acquiring Person); flip-in allows 2x exercise value.
- Rights expire Aug 4, 2027; redeemable at $0.001 per Right by Board before trigger.
- Amendment No. 1 removes previously included Item 8.01 and Exhibit 99.1; other terms unchanged.