Onconetix Files For Resale Of Up To 10,586,556 Shares By The Selling Stockholders; Offering Up To 6.25M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Onconetix has filed for the resale of up to 10,586,556 shares by selling stockholders and is offering up to 6.25 million shares of common stock, as per SEC filings.
November 01, 2024 | 9:13 pm
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Onconetix is planning a significant equity action by filing for the resale of over 10 million shares and offering an additional 6.25 million shares. This could lead to stock price volatility.
The filing for resale and offering of a large number of shares typically leads to increased supply in the market, which can put downward pressure on the stock price. This is a significant equity action that investors should be aware of.
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