---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-084866"
form_type: "8-K"
ticker: "ONCO"
cik: "0001782107"
company_name: "Onconetix, Inc."
filed_at: "2024-10-03T23:59:59+00:00"
generated_at: "2026-05-30T21:38:03.948123+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Onconetix closes $2.0M PIPE and $25M ELOC for working capital

## Summary
- Sold 3,499 Series C preferred shares (stated value $1,000) at $4.5056 conversion price; warrants for 591,856 shares at $4.38.
- PIPE includes registration rights, 15% default dividend rate, and 125% mandatory redemption on bankruptcy trigger.
- Entered $25M committed equity line of credit (ELOC) with institutional investor for future at-the-market sales.
- Net cash proceeds from PIPE $2.0M; financial advisor Tungsten Advisors/Finalis Securities paid $160K fee.
- Series C carries no voting rights, 4.99% ownership blocker, and trigger events allowing alternate conversion at discount.

## SEC filing metadata
- accession: 0001213900-24-084866
- form_type: 8-K
- ticker: ONCO
- cik: 0001782107
- company_name: Onconetix, Inc.
- filed_at: 2024-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782107/000121390024084866/0001213900-24-084866-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782107/000121390024084866/ea0216649-8k_onconetix.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-084866
- JSON: https://secwatch.observer/filing/0001213900-24-084866.json
- Plain text: https://secwatch.observer/filing/0001213900-24-084866.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.