ONCONETIX INC TO PURCHASE 100% OF REALBOTIX'S ISSUED AND OUTSTANDING EQUITY INTERESTS THROUGH AN ALL-STOCK DEAL

Written by Emily J. Thompson, Senior Investment Analyst

Source: moomoo

Updated: 4 days ago

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ONCO-26.98%

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Source: moomoo

Acquisition Announcement: Onconetix Inc. will acquire 100% of the issued and outstanding equity interests of Real Botix in an all-stock transaction.
Strategic Move: This acquisition aims to enhance Onconetix's portfolio and market position within the biotechnology sector.

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About ONCO

Onconetix, Inc. is a commercial-stage biotechnology company focused on the research, development, and commercialization of solutions for men’s health and oncology. The Company owns Proclarix, an in vitro diagnostic test for prostate cancer approved for sale in the European Union under the In Vitro Diagnostic Regulation. Proclarix is an easy-to-use next generation protein-based blood test that can be done with the same sample as a patient’s regular Prostate-Specific Antigen (PSA) test.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Realbotix Enters All-Stock Acquisition Agreement with Onconetix

4 days agoseekingalpha

Acquisition Agreement: Realbotix announced an agreement with Onconetix, where the latter will acquire Realbotix's wholly-owned subsidiary RealLLC in an all-stock transaction expected to close by Q3 2026, marking a significant strategic expansion for the company.
Equity Structure Change: Under the terms, Realbotix will receive between 75% and 90% of Onconetix's common stock, with the exact percentage determined by Onconetix's net cash at closing, a flexible arrangement that will impact future capital structure and shareholder equity.
Board Control: Following the transaction, Realbotix will have the right to appoint four out of five directors to the Onconetix board, ensuring Realbotix's influence in the new entity and providing security for future strategic decisions.
Executive Appointment: Realbotix's new CFO, Scott Meyers, has been granted 150,000 options to purchase common shares at C$0.32, a move aimed at attracting and retaining key talent to support the company's long-term growth strategy.

ANDREW KIGUEL TO ASSUME CEO ROLE OF MERGED COMPANY AFTER CLOSURE, SAYS ONCONETIX INC.

4 days agomoomoo

New CEO Announcement: Andrew Kigue will become the CEO of Combined Company following its recent closing.
Company Transition: The announcement marks a significant leadership change as the company moves forward after its merger.

REALBOTIX CORP - ONCONETIX ACQUIRES FULL OWNERSHIP OF REALBOTIX, LLC THROUGH STOCK TRANSACTION

4 days agomoomoo

Acquisition Announcement: RealBotix Corp has announced its intention to acquire 100% of RealBotix, LLC in an all-stock deal.
Strategic Move: This acquisition is part of a strategic effort to consolidate resources and enhance the company's market position in the robotics and AI sector.

ONCONETIX INC - FOLLOWING DEAL CLOSURE, REALBOTIX PARENT WILL ACQUIRE 75% TO 90% OF FULLY DILUTED COMMON SHARES IN THE COMBINED ENTITY

4 days agomoomoo

Deal Closure: The deal involving Realbotix has closed, leading to significant changes in ownership.
Ownership Dilution: The parent company will own between 75% and 90% of fully diluted common shares of the combined company.