ONCONETIX SET TO PURCHASE REALBOTIX LLC, AN AI-DRIVEN HUMANOID ROBOTICS FIRM BASED IN THE USA

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, a USA-based company specializing in AI-powered humanoid robotics, has announced its acquisition of Realbotix LLC.
Focus on Innovation: The acquisition aims to enhance Onconetix's capabilities in developing advanced humanoid robotic technologies.

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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

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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.

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4 days agomoomoo

Acquisition Announcement: RealBotix Corp has announced its intention to acquire 100% of RealBotix, LLC in an all-stock deal.
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ONCONETIX INC - FOLLOWING DEAL CLOSURE, REALBOTIX PARENT WILL ACQUIRE 75% TO 90% OF FULLY DILUTED COMMON SHARES IN THE COMBINED ENTITY

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4 days agomoomoo

Acquisition Announcement: Onconetix Inc. will acquire 100% of the issued and outstanding equity interests of Real Botix in an all-stock transaction.
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