other_material
confidence high
sentiment neutral
materiality 0.50
Onconetix implements 1-for-5 reverse stock split to maintain Nasdaq compliance
Onconetix, Inc.
- Reverse stock split effective March 25, 2026 at 12:01 a.m. Eastern Time.
- Ratio fixed at 1-for-5, reducing outstanding shares from ~3.6M to ~0.7M.
- No fractional shares issued; cash compensation based on March 24 closing price.
- CUSIP changes to 68237Q 302; stock trades under symbol ONCO on Nasdaq.
- Split intended to meet Nasdaq's $1.00 minimum bid price listing requirement.
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