secwatch.observer — SEC 8-K summary
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Issuer:     TREVENA INC (—)
CIK:        0001429560
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001104659-24-115049
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trevena delisted from Nasdaq; board reduced to 3; Q3 net loss $4.9M; strategic review continues
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1429560/000110465924115049/0001104659-24-115049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1429560/000110465924115049/tm2427743d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115049

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