NeOnc redeems all Series A Preferred for $6M cash, eliminates potential dilution

NEONC TECHNOLOGIES HOLDINGS, INC.

Redeemed all 6,000 outstanding Series A Preferred shares at aggregate stated value of $6.0M in cash (8-K cites $965/share, ~$5.79M total).
Redemption funded from net proceeds of $15M registered direct offering announced September 9, 2026.
No common shares issued; avoids conversion at 80% of 5-day lowest close (subject to $1 floor) that was available to holders.
Certificate of Elimination filed with Delaware to retire Series A designation; no preferred shares remain outstanding.
CEO Amir Heshmatpour says move simplifies capital structure, supports advancement of NEO100 and NEO212 programs.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.