On May 14, 2025, Trevena, Inc. entered into a securities exchange agreement with an institutional investor in which it agreed to pay $150,000 in cash, issue 95,000 shares of common stock, and issue a pre-funded warrant for up to 113,333 shares of common stock. This exchange was in return for the cancellation of warrants held by the investor to purchase 345,946 shares of common stock at an exercise price of $17.50 per share.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trevena Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-049007), on May 15, 2025, and is solely responsible for the information contained therein.