Trevena, Inc. entered into definitive agreements for the issuance of 2,779,906 common shares of common stock and warrants to purchase up to an aggregate of 2,779,906 shares, at a price of $0.70 per share for gross proceeds of approximately $1,945,934.2 on December 27, 2023. The warrants to be issued in the offerings will have an exercise price of $0.70 per share, will be exercisable commencing on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of such warrants and will expire five years thereafter. The offerings are expected to close on or about December 28, 2023, subject to the satisfaction of customary closing conditions.

The securities sold in the private placement and the new warrants sold in the induced warrant exercise described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the ?Act?) and Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants sold in the offerings, have not been registered under the Act or applicable state securities laws.