secwatch.observer — SEC 8-K summary
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Issuer:     Onconetix, Inc. (ONCO)
CIK:        0001782107
Form:       8-K
Filed at:   2025-09-04T23:59:59+00:00
Accession:  0001213900-25-084500
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782107/000121390025084500/0001213900-25-084500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782107/000121390025084500/ea0255958-8k_onconetix.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-084500

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer