NeOnc Technologies Signs Securities Purchase Agreement With Institutional Investor

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2026.01.29 20:13
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NeOnc Technologies has signed a Securities Purchase Agreement to sell up to 2,222,222 shares of common stock at $7.20 each and issue five-year warrants for the same number of shares at $9.00 each. An initial closing has provided $10 million from a single institutional investor for 1,388,888 shares and matching warrants. The company plans to use the net proceeds for debt repayment and working capital, with additional closings anticipated. A resale registration statement will be filed within 10 days of the initial closing.