# Oncotelic Therapeutics, Inc. (OTLC) — capital_raise/public_offering [announced]
Source: SEC API (secapi.ai) · situation sit_ff96336d0fc6c428d7f2 · retrieved 2026-08-11T15:51:36.347Z

## Overview
Oncotelic Therapeutics, Inc. is a pharmaceutical company that develops therapeutic treatments; it is a Delaware corporation trading under the symbol OTLC.

On August 3, 2026, Oncotelic Therapeutics, Inc. entered into a Securities Purchase Agreement with Pacific Pier Capital II, LP and issued a convertible promissory note with a gross principal amount of $178,410 and an original issue discount of 12%. The note carries a 12% annual interest rate and matures on the earlier of (a) August 3, 2027 (one-year anniversary), (b) acceleration by Pacific Pier upon an Event of Default, or (c) prepayment in full. The note is convertible into common stock at a conversion price of $0.06 per share or 85% of the lowest traded price during the ten trading days prior to conversion, whichever is lower. The Company also issued 500,000 commitment shares to Pacific Pier as additional consideration.

## Terms
- Counterparty: Pacific Pier Capital II, LP · Deal value: $178,410 · Consideration: mixed · Price/share: $0.06

## Key dates
- Announced 2026-08-04 · Expiry 2027-08-03

## Timeline
- 2026-08-04 · 8-K (0001493152-26-035999): 8-K - Oncotelic Therapeutics, Inc. — *Oncotelic Therapeutics, Inc. is a pharmaceutical company that develops therapeutic treatments; it is a Delaware corporation trading under the symbol OTLC.* On August 3, 2026, Oncotelic Therapeutics, Inc. entered into a Securities Purchase Agreement with Pacific Pier Capital II, LP and issued a convertible promissory note with a gross principal amount of $178,410 and an original issue discount of 12%. The note carries a 12% annual interest rate and matures on the earlier of (a) August 3, 2027 (one-year anniversary), (b) acceleration by Pacific Pier upon an Event of Default, or (c) prepayment in full. The note is convertible into common stock at a conversion price of $0.06 per share or 85% of the lowest traded price during the ten trading days prior to conversion, whichever is lower. The Company also issued 500,000 commitment shares to Pacific Pier as additional consideration.
  https://www.sec.gov/Archives/edgar/data/908259/0001493152-26-035999.txt

## Citations
- 0001493152-26-035999 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226035999