NeOnc Technologies secures strategic PIPE investment from Cinctive Capital

NeOnc Technologies (NTHI) announced that it has entered into a securities purchase agreement for a private investment in public equity for the purchase and sale of up to 2,222,222 shares of common stock and five-year warrants to purchase up to 2,222,222 shares of common stock at a per share exercise price of $9.00 at a combined purchase price of $7.20, that is expected to result in gross proceeds of up to approximately $16 million to the Company. NeOnc currently intends to use the net proceeds from the offering for repayment of indebtedness, and for working capital and corporate purposes