Onconetix Provides Additional $500,000 Bridge Financing to Realbotix LLC
Onconetix, Inc. announced an additional $500,000 advance to Realbotix LLC under the strategic bridge financing facility (Grid Note), bringing total principal outstanding to $3,000,000 out of a maximum $5,000,000 facility. The Grid Note is non-interest bearing prior to closing of the pending acquisition and will be automatically cancelled and discharged in full upon closing, with the cash required at closing reduced by total principal advanced plus an additional $500,000. If the Share Exchange Agreement is termin...
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