India, Sept. 9 -- NeOnc Technologies Holdings, Inc. (NTHI) announced that it has entered into definitive securities purchase agreements with new and existing healthcare-focused institutional investors for a registered direct offering expected to generate approximately $15 million in gross proceeds.
Under the offering, NeOnc will sell 3,571,430 shares of common stock, or pre-funded warrants to purchase common stock in lieu thereof, together with warrants to purchase up to 3,571,430 additional shares.
The securities are being offered at a combined purchase price of $4.20 per share and accompanying warrant, or $4.1999 per pre-funded warrant and accompanying warrant.
Each pre-funded warrant will be exercisable upon issuance at an exercise pr...