Trevena Inc. Completes Securities Exchange Agreement: Issues 95,000 Common Shares and Pre-Funded Warrant for 113,333 Shares in Exchange for 345,946 Warrants
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Trevena Inc. has completed a securities exchange agreement with an institutional investor, involving the issuance of 95,000 common shares and a pre-funded warrant for 113,333 shares. In exchange, the investor will cancel warrants for 345,946 shares, originally priced at $17.50 each, and Trevena will pay $150,000 in cash.
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