Onconetix closes warrant exercise for $1.11M gross; issues new warrants for 22.4M shares

Onconetix, Inc.

Gross proceeds of $1.11M from exercise of 7,458,642 existing warrants at reduced $0.15/share.
Issued new unregistered warrants to purchase up to 22,375,926 shares at $0.15 per share.
New warrants exercisable only after stockholder approval; one-third 5-year term, two-thirds 24-month.
Net proceeds to be used for working capital and general corporate purposes.
H.C. Wainwright acted as exclusive placement agent for the transaction.

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