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ONCO Neutral Sentiment Score: 50/100

Onconetix, Inc. Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q and Subsequent Filing

Key Takeaway: Onconetix, Inc. announced receiving a notice from Nasdaq regarding the late filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2024. The notification indicates a violation of Nasdaq's continued listing requirements. On December 10, 2024, the company complied by filing the overdue Form 10-Q with the Securities and Exchange Commission. This action adheres to Nasdaq’s rules on prompt disclosure of deficiencies.

Market Sentiment Analysis

POSITIVE FACTORS

  • Onconetix has filed the required Form 10-Q.
  • The company remains compliant with Nasdaq's disclosure requirements.
  • Onconetix focuses on innovative solutions for men's health and oncology.

CONCERNS & RISKS

  • The company received a notice from Nasdaq for late filing.
  • Failure to timely file the Quarterly Report may affect market perception.

Full Press Release Details

Cincinnati, OH, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Onconetix, Inc. (NASDAQ: ONCO) (the “Company”) announced that it received a letter from The Nasdaq Capital Market (“Nasdaq”) on December 6, 2024 indicating that the Company’s failure to file its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “Form 10-Q”) is in violation of Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”).
On December 10, 2024, the Company filed the Form 10-Q with the Securities and Exchange Commission.
This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
About Onconetix, Inc.:
Onconetix is a commercial stage biotechnology company focused on the research, development and commercialization of innovative solutions for men’s health and oncology. Through our recent acquisition of Proteomedix, we own Proclarix®, an in vitro diagnostic test for prostate cancer originally developed by Proteomedix and approved for sale in the European Union (“EU”) under the In Vitro Diagnostic Regulation (“IVDR”). We also own ENTADFI, an FDA-approved, once daily pill that combines finasteride and tadalafil for the treatment of benign prostatic hyperplasia (“BPH”), a disorder of the prostate. For more information, visit www.onconetix.com.
Contact Information:
201 E. Fifth Street, Suite 1900
Cincinnati, OH 45202
Phone: (513) 620-4101
Investor Contact Information:
Onconetix Investor Relations

Frequently Asked Questions

What did Onconetix fail to file with Nasdaq?

Onconetix failed to file its Quarterly Report on Form 10-Q for the period ending September 30, 2024.

When did Onconetix file the required Form 10-Q?

Onconetix filed the Form 10-Q with the SEC on December 10, 2024.

What does Nasdaq Listing Rule 5250(c)(1) address?

It addresses the continuous listing requirements for companies on Nasdaq.

What types of products does Onconetix focus on?

Onconetix focuses on men's health and oncology solutions.

What is Proclarix® used for?

Proclarix® is an in vitro diagnostic test for prostate cancer.

Last updated: Dec 12, 2024