other material
confidence high
sentiment negative
materiality 0.65
AcelRx raises ~$7.5M via registered direct offering of common stock and warrants
TALPHERA, INC.
- Sold 748,744 shares, pre-funded warrants for 2,632,898 shares, and common warrants for 4,227,052 shares at $2.22625 combined price.
- Gross proceeds ~$7.5M; Cantor Fitzgerald placement agent with 7% fee.
- Common warrants exercisable at $2.07 after 6 months, 6-year term, full ratchet anti-dilution with $1.00 floor.
- Amended prior warrant held by purchaser to reduce exercise price to $2.07.
- Closing expected on or about Dec 29, 2022.