NeOnc Technologies raises $5M in convertible notes with 20% OID and short-term maturity

NEONC TECHNOLOGIES HOLDINGS, INC.

• Issued $5,000,000 aggregate principal amount of convertible promissory notes to unaffiliated accredited investors.
• Notes carry 20% original issue discount, net proceeds ~$4,000,000; mature Oct 16 & 18, 2025.
• Maturity may be extended up to three months with additional 5% OID per month.
• Upon default, notes convertible at 80% of lowest closing price in prior 5 trading days.
• Offered under Rule 506(b) as unregistered sale, exempt from registration.