Talphera Closes $1.6 Million Private Placement, Regains Nasdaq Compliance

TALPHERA, INC. (NASDAQ:TLPH) announced the optional closing of a private placement, generating approximately $1.6 million in gross proceeds, and concurrently reported its regain of compliance with Nasdaq's minimum bid price requirement.

The Optional Closing, which occurred on October 21, 2025, involved the issuance and sale of 1,023,890 shares of common stock at a purchase price of $0.586 per share. Additionally, the company sold pre-funded warrants at $0.585 per pre-funded warrant to purchase up to an aggregate of 1,706,484 shares of common stock. These pre-funded warrants are immediately exercisable at $0.001 per share and have an unlimited term. This closing was part of a broader securities purchase agreement entered into on March 31, 2025, with several institutional investors and a member of management.

The company also confirmed it has regained compliance with Nasdaq's minimum bid price requirement. Talphera received an initial notice on December 6, 2024, that its common stock had closed below $1.00 per share for 30 consecutive business days. After transferring its listing to The Nasdaq Capital Market on May 30, 2025, Talphera was granted an additional 180 days, until December 1, 2025, to regain compliance. On October 20, 2025, Talphera was notified that it had regained compliance, as its common stock had maintained a closing bid price of at least $1.00 per share for 10 consecutive business days ending October 17, 2025.