🔴 NeOnc Technologies Holdings, Inc. is trading 7.3% down today after a $5 million convertible preferred stock financing agreement

NeOnc Technologies Holdings, Inc. is trading at $4.80, down 7.3% in after-hours trading following the details of a $5 million private placement of Series A Convertible Preferred Stock.

• The Securities Purchase Agreement, established on June 10, 2026, allows for the issuance of up to $5 million in convertible preferred stock to bolster the company's liquidity.
• Investors are reacting to potential dilution risks and financing costs associated with the agreement, which offset the benefits of the capital injection.
• The after-hours decline follows a sharp gain during the regular trading session on June 16, 2026, as the market recalibrates the company's valuation.