other material
confidence high
sentiment neutral
materiality 0.60
Onconetix effects 1:40 reverse stock split; Nasdaq delisting notice resolved via new listing approval
Onconetix, Inc.
- Reverse stock split at ratio 1:40 effective Sept. 24, 2024; no fractional shares issued, cash paid in lieu.
- Nasdaq delisting notice for bid price non-compliance received Sept. 18; mooted by Sept. 19 approval of new listing application meeting $4 closing bid price.
- Issued 142,749 shares to Veru upon conversion of Series A Preferred; 6,741,820 shares to former Proteomedix holders on Series B automatic conversion.
- Issued 513,424 units (share + warrant) to Altos plus 154,027 shares on warrant exercise; all exempt from registration.
- Post-split shares outstanding: 8,307,051 total (including 2,656 unvested restricted stock).