ONCONETIX Lends Up to $5M to Robot Maker Realbotix Ahead of Merger
Onconetix advanced $2.5 million of a $5 million interest-free bridge facility to Realbotix LLC, the target of its pending all-stock acquisition.
Onconetix (ONCO) said it has provided a bridge financing facility of up to $5,000,000 to Realbotix LLC, the company it agreed to buy earlier this year, with an initial advance of $2,500,000 already made. The money is meant to cover Realbotix's growth and working capital needs while both sides work toward closing the deal.
