AcelRx enters $300K private placement with Lincoln Park; sets reverse split vote for Sep 23

TALPHERA, INC.

Issued 3,000 Series A Preferred shares and warrant to buy 1.6M common shares at $0.2033; aggregate $300K.
Series A Preferred have 1M votes per share on reverse split proposal, voting in proportion to common stock.
Reverse stock split proposal (1:10–1:30) to be voted at Sep 23 special meeting; board recommended.
Company must convene stockholder meeting by Nov 1, 2022 for reverse split vote.
Proceeds for general corporate purposes including R&D and working capital.

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