NeOnc Technologies Redeems All $6M Series A Preferred Stock

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โดย Seeking Alpha·

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NeOnc Technologies said Thursday that it had redeemed all 6,000 outstanding Series A preferred shares for $6M. The redemption was funded with part of the proceeds from the company's $15M registered direct offering announced Sept. 9. The company had issued the Series A preferred stock for $5M in June, with a conversion feature carrying a 20% discount to the applicable market price. Shares fell 9.67%.

NeOnc Technologies Holdings, Inc. Common Stock ±

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NeOnc Technologies Holdings, Inc. Common Stock

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NeOnc redeemed all $6M Series A preferred stock using proceeds from its $15M registered direct offering, a capital-structure event with mixed implications.

NeOnc Technologies Redeems All $6M Series A Preferred Stock

Impact on stocks 1

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