Onconetix, Inc. (ONCO) Form S-1/A — Aug 31, 2026
Onconetix filed this S-1/A to register the resale by Seven Knots LLC of up to 100,000,000 shares of common stock issuable upon conversion of Series F preferred stock from a July 2026 PIPE that closed at an aggregate purchase price of $30,249,600. If all registered shares were issued they would equal 2,282% of the company's 4,380,522 shares outstanding, and Onconetix will receive no proceeds from any sales.
Key figures
- Net Income
- -$14.0 million net loss FY2025 (-$58.7 million FY2024)
- Cash Position
- approximately $5.1 million as of August 28, 2026 ($5.9 million at June 30, 2026)
- Shares Offered
- 100000000
- Last Sale Price
- 0.612
- Working Capital
- approximately $3.6 million
- Dilution Percent
- 2,282% of shares outstanding if all registered shares are issued
- Reverse Splits2026
- 1:5 (March 25, 2026) and 1:10 (May 21, 2026)
- Series FFloor Price
- 0.19534
- Accumulated Deficit
- approximately $138.3 million
- Default Dividend Rate
- 15% per annum during trigger events
- Net Loss Six Months2026
- -$7,082,178
- July2026 ELOCCommitment
- $750,000,000 (capped at 789,426 shares pending stockholder approval)
- Series FConversion Price
- 0.9767
- Shares Outstanding After
- 104380522
- Shares Outstanding Prior
- 4380522
- Nasdaq Exchange Cap Shares
- 789426
- Series FPipe Purchase Price
- $30,249,600 (including $249,600 cash and cancellation of a $30,000,000 commitment fee)
- Six Month Operating Cash Use
- approximately $4.0 million
- Keystone Eloc Gross Proceeds
- approximately $11.7 million through August 28, 2026
- Company Optional Redemption Price
- 125% of greater of conversion amount or conversion rate times highest closing price
Price after filing
1 day: +4.1%7 days: +62.7%30 days: +30.8%
Close on the filing date to close N calendar days later (from $0.63). Historical, not a forecast.
AI analysis
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