other_material
confidence high
sentiment neutral
materiality 0.65
Onconetix announces 1-for-85 reverse stock split effective June 13 to regain Nasdaq compliance
Onconetix, Inc.
- Reverse split 1-for-85 effective June 13, 2025; outstanding shares reduced from ~44.4M to ~521,863.
- Split intended to regain Nasdaq minimum $1.00 bid price compliance; no change to authorized shares.
- New CUSIP 68237Q203; trading symbol ONCO unchanged.
- Promissory note of $147,058.82 issued to Keystone Capital Partners with $22,059 OID, subordinated to Veru debt, due by March 5, 2026.
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