NeOnc Technologies Holdings, Inc. has filed an 8-K report detailing its third Securities Purchase Agreement dated March 20, 2026. Under this agreement, the company plans to issue and sell up to 545,583 shares of its common stock at a price of $7.20 per share, along with warrants to purchase an equal number of shares at an exercise price of $9.00. This follows two previous agreements where the company successfully raised capital by issuing shares and warrants to institutional investors. The initial closing of this latest agreement involved the issuance of 138,889 shares and warrants to a single investor for a total of $1 million. The company intends to use the net proceeds from this offering for working capital purposes. The offering is set to terminate on April 30, 2026. This move is expected to enhance the company's liquidity position, although it may lead to dilution for existing shareholders due to the issuance of new shares. The company has indicated that it will file a resale registration statement for the shares and warrants within ten days after its annual report for the year ended December 31, 2025, ensuring compliance with SEC regulations. NeOnc Technologies continues to navigate its growth strategy while managing its capital structure effectively.
Press Release distribution
National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.