Talphera, Inc. completed the third closing of its private placement on March 13, 2026, issuing 639,931 shares of common stock at $0.586 per share and pre-funded warrants to purchase up to 6,399,316 shares of common stock at $0.585 per warrant, generating approximately $4.1 million in aggregate gross proceeds. The securities were sold in reliance on exemptions from registration under Section 4(a)(2) of the Securities Act and Regulation D.
Key takeaways
Issued 639,931 shares of common stock at $0.586 per share on March 13, 2026
Issued pre-funded warrants at $0.585 per warrant to purchase 6,399,316 shares at $0.001 exercise price, exercisable immediately with unlimited term
Aggregate gross proceeds of approximately $4.1 million from Third Closing, excluding warrant exercise proceeds
Sold to Purchasers who did not participate in the October 21, 2025 Optional Closing
Private placement under Purchase Agreement dated March 31, 2025 with institutional investors and a member of management