8-K
filed November 7, 2024, 6:59 PM ET
CIK 0001429560
other material
confidence high
sentiment negative
materiality 0.90
Trevena delisted from Nasdaq; board reduced to 3; Q3 net loss $4.9M; strategic review continues
TREVENA INC
- Net loss $4.9M ($5.79/share) in Q3 2024 vs $7.9M ($14.20/share) in Q3 2023; cash $13.5M.
- Received $2M non-dilutive tranche from R-Bridge; eligible for up to $8M more; $10M debt forgiveness.
- Four directors resigned Nov 5; board reduced to 3 members (Bourdow, Braunstein, Yanni).
- Nasdaq delisting effective Oct 8; stock now trades on OTC Pink under symbol TRVN.
- Company has 4 employees after terminating senior executives who continue as consultants.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marvin Johnson, Jr. resigned as Director at TREVENA INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Mark Corrigan, M.D., Marvin Johnson, Jr., Anne M. Phillips, M.D., and Jake R. Nunn resigned from the Board of Directors of the Company (the “Board”) and the committees thereof, effective as of November 5, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Corrigan resigned as Director at TREVENA INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Mark Corrigan, M.D., Marvin Johnson, Jr., Anne M. Phillips, M.D., and Jake R. Nunn resigned from the Board of Directors of the Company (the “Board”) and the committees thereof, effective as of November 5, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jake R. Nunn resigned as Director at TREVENA INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Mark Corrigan, M.D., Marvin Johnson, Jr., Anne M. Phillips, M.D., and Jake R. Nunn resigned from the Board of Directors of the Company (the “Board”) and the committees thereof, effective as of November 5, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Anne M. Phillips resigned as Director at TREVENA INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Mark Corrigan, M.D., Marvin Johnson, Jr., Anne M. Phillips, M.D., and Jake R. Nunn resigned from the Board of Directors of the Company (the “Board”) and the committees thereof, effective as of November 5, 2024.
View on SEC.gov
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