Onterris Declares Preferred Share Purchase Rights Dividend

Onterris, Inc. announced that its Board of Directors declared a dividend of one preferred share purchase right for each outstanding common share, payable on August 17, 2026. This action is part of a newly adopted Rights Agreement, often referred to as a "poison pill," designed to protect shareholder value by deterring hostile takeovers. The rights will become separately tradable and exercisable if a person or group acquires 15% or more of the company's common shares, allowing existing shareholders to purchase additional preferred shares at a specified price.