Dividends & Buybacks ·
Onterris, Inc. declared a dividend of one preferred share purchase right for each outstanding common share to holders…
MEGOnterris, Inc.
Onterris, Inc. declared a dividend of one preferred share purchase right for each outstanding common share to holders of record on August 17, 2026. The company entered into a Rights Agreement with Computershare Trust Company, N.A., establishing a poison pill defense mechanism. Each right entitles the holder to purchase one-thousandth of a Series B Preferred Share at $105.00 per unit. The rights will separate from common stock and trade independently upon the earlier of ten days following a public announcement that an entity has acquired 15% or more beneficial ownership, or ten business days after the commencement of such a tender offer. If triggered by an 'Acquiring Person,' the rights become exercisable for shares valued at twice the exercise price (flip-in) or allow exchange for acquirer stock in a merger (flip-over). The board may redeem the rights at $0.001 per right prior to any triggering event. Onterris, Inc. operates in the technology sector, providing data analytics and artificial intelligence solutions.