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NeOnc Technologies Holdings, Inc. has signed an important deal to sell shares and hopes to raise about $15 million.

New sharesRead the original at sec.gov
Neutral

NeOnc is raising about $15 million and will use proceeds for working capital and to redeem Series A preferred, but the new shares, warrants and a 7% placement fee increase dilution and reduce proceeds.

NTHI · NeOnc Technologies Holdings, Inc.

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NeOnc filed an 8-K announcing a registered direct offering to raise about $15 million and issued warrants and pre-funded warrants. The cash will fund operations and redeem Series A Convertible Preferred Stock, but new shares, warrants and a 7% fee increase dilution and cost.

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