NeOnc Technologies Announces Private Placement Equity Financing Deal

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2026.01.29 20:28
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NeOnc Technologies Holdings, Inc. announced a private placement equity financing deal on January 29, 2026, issuing up to 2,222,222 shares at $7.20 each, along with five-year warrants. The initial closing involved selling 1,388,888 shares for $10 million to an institutional investor. Proceeds will be used to repay debt and fund working capital. The company plans to file a resale registration statement within ten days. Analysts rate NTHI stock as a Hold with a $9.00 price target, citing weak financial fundamentals but moderately positive technicals.