NeOnc to acquire patent from McMaster University in stock deal valued at ~$3M

NEONC TECHNOLOGIES HOLDINGS, INC.

Enters binding LOI to acquire all equity of new LLC from Dr. Ishwar Puri and Beth Levinson.
LLC will acquire US Patent No 11,788,057 B2 from McMaster University for $500K cash funded by NeOnc note.
Purchase price: 120,000 NeOnc shares valued at $25 each (approx. $3M), less transaction fees.
Upon closing, Dr. Ishwar Puri appointed to NeOnc's Board of Directors.
Transaction subject to due diligence, LLC formation, and patent transfer agreement.

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