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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 as rights agent. 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 upon the earlier of ten days following a public announcement that an acquirer has obtained 15% or more beneficial ownership, or ten business days after the commencement of such a tender offer. The rights expire on August 4, 2027. Onterris, Inc. operates in the biotechnology industry and develops therapies for rare diseases.