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Onconetix announces 1-for-10 reverse stock split to meet Nasdaq listing rules

Company Fundamentals
19 May 2026
GlobeNewsWire
View Source
Neutral
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Onconetix, a biotech company, will implement a 1-for-10 reverse stock split effective May 21, 2026, reducing outstanding shares from about 11.4 million to 1.14 million. This move aims to keep its stock price above Nasdaq's $1 minimum bid requirement to maintain its listing. The split will not affect the total authorized shares or ownership percentages, and fractional shares will be cashed out. The company’s stock will continue trading under the symbol ONCO on Nasdaq after the split.

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