RE:ONCY accumulated deficit (Tax losses applied to a buyout) ONCY's estimated accumulated deficit a/o December 31, 2023 is approximately $450 Million making this dollar amount of some consequence in any buyout offer for ONCY.
The accumulated deficit of approximately $0.5 Billion in a US$ 7.5 Billion offer for ONCY would effectively be approximately US$7 Billion in cost to the acquiring company, since the accumulated deficit could be used to off-set any rising profits.