Ionetix Corp / DE /
Filed SPAC ResaleFirst filed Aug 7, 2026 · CIK 2108121
Effective prospectus: S-1/A Nov 10, 2026 (0001213900-26-117736) · terms available
“We will not receive any proceeds from the sale of the shares of common stock by the selling stockholders.”
What the company does
No publishable business summary is available from the effective-prospectus read.
Use of proceeds
We will not receive any proceeds from the sale of the shares of common stock offered by the selling stockholders.
Underwriters
The completed effective-prospectus read stated no underwriters.
Extracted from S-1/A 0001213900-26-117736, filed Nov 10, 2026 and verified against that filing text.
Key risk factors
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Losses and profitability risk
“We have incurred losses since inception, and may continue to incur losses for the foreseeable future, which raises substantial doubt about our ability to achieve or sustain profitability.”
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Additional capital requirements
“We will require additional capital to fund our operations, and such financing may not be available on acceptable terms, if at all.”
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Going concern uncertainty
“Our auditor’s report includes a “going concern” explanatory paragraph.”
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Indebtedness restrictions
“If we incur indebtedness under future credit facilities, the associated covenants and repayment obligations could restrict our operations and adversely affect our financial condition.”
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Competitive market
“We operate in a highly competitive market for the manufacturing and sale of radioactive isotopes, and we may be unable to compete effectively against companies with greater resources, more established commercial infrastructure, or more advanced technologies.”
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No established trading market
“There is not now and never has been any market for our securities and an active market may never develop.”
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Listing and quotation uncertainty
“However, we may not be successful in having our shares quoted on an over-the-counter market or listed on a national securities exchange.”
Financials before the first trade
| Fiscal Year | Revenue | Growth YoY | Gross Profit | Gross Margin | Operating Income | Net Income | Operating CF | Cash | Total Assets |
|---|---|---|---|---|---|---|---|---|---|
|
FY 2025
ended 2025-12-31
|
$6.01M | +67.7% | — | — | -$19.82M | -$39.67M | -$11.35M | $279K | $34.98M |
|
FY 2024
ended 2024-12-31
|
$3.59M | — | — | — | -$18.42M | -$30.06M | -$17.84M | $5.17M | $39.58M |
From the company's own XBRL-tagged financial statements (SEC companyfacts), full fiscal years only. Growth and margins are computed from the stated figures.
Filing history
| Filed | Form | Accession | |
|---|---|---|---|
| 2026-11-10 | S-1/A | 0001213900-26-117736 | View on EDGAR |
| 2026-10-30 | S-1/A | 0001213900-26-114512 | View on EDGAR |
| 2026-08-07 | S-1 | 0001213900-26-086823 | View on EDGAR |
Source quotes
Offer price: “Until such time as the common stock is quoted on the OTCQB or the OTCQX tier of OTC Markets (the “OTCQX”) or listed on a national securities exchange, the selling stockholders identified herein may only sell their shares of common stock pursuant to this prospectus at a fixed price of $3.00 per share, the price per share in the offering discussed above, for a total offering amount of $343,727,886.”
Shares offered: “the offering and resale by the selling stockholders identified herein of up to 114,575,962 shares of common stock, par value $0.0001 per share, of Ionetix Corporation (the “Company”), which includes:”