Onconetix (ONCO) closed a private placement of Series D Convertible Preferred Stock and warrants, raising $12.9 million. Cash of $9.3 million was paid, with the rest offsetting debts. Warrants have an initial exercise price of $3.6896 per share. The company will use the proceeds for various purposes, including covering costs from a terminated business combination with Ocuvex, Inc.

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Read more at Yahoo Finance: Onconetix announces financing through private placement, debt settlement