Onterris issues shareholder rights dividend with USD 105 exercise price
ONT•Shareholder rights plan adopted
Onterris adopted a shareholder rights plan, issuing one preferred share purchase right per common share outstanding on Aug. 17, 2026.
Each right lets holders buy 1/1,000 of a Series B preferred share for USD 105, subject to adjustments.
Rights detach if any holder reaches 15% ownership or launches a tender offer that would reach 15%; then trade separately.
Rights expire Aug. 4, 2027; the board can redeem all rights for USD 0.001 each before any investor becomes an acquiring person.
