NeOnc Technologies redeems all $6M Series A preferred stock
- NeOnc Technologies (NTHI) said on 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.
- Share -9.67%
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