Traws Pharma updates ATM offering to sell up to $3.1M in common stock

Traws Pharma, Inc.

Amended ATM agreement with Citizens JMP Securities for up to $3,128,399 in common stock sales.
Shares sold under existing shelf registration (333-273081) via May 22, 2026 prospectus supplement.
Previous ATM capacity was $50M; new amount reflects current baby shelf limitation.
Legal opinion from Snell & Wilmer L.L.P. filed as Exhibit 5.1.

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