Onconetix issues $117.6K in promissory notes; amends Veru note to $5.2M, extended to Sept 19

Onconetix, Inc.

• Issued $58,823.53 principal note to Keystone Capital and $58,823.53 to KCP Fund I, each with $8,823.53 OID, netting $100K total.
• Both notes due upon earlier of ELOC proceeds or May 28, 2026, subordinate to existing Veru debt.
• Amended Veru note: principal increased by $100K to $5.2M; maturity extended to September 19, 2025.
• Veru waived April Veru Note maturity to September 19, 2025 under August 28 waiver agreement.
• Notes require mandatory prepayment from subsequent equity offerings (excluding senior lender and Series C preferred proceeds).

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