Talphera, Inc. has announced the successful completion of the third closing of its private placement, which took place on March 13, 2026. This closing involved the issuance of 639,931 shares of common stock at a purchase price of $0.586 per share, along with pre-funded warrants that allow the purchase of up to 6,399,316 additional shares at an exercise price of $0.001 per share. The total gross proceeds from this closing are approximately $4.1 million, excluding any potential proceeds from the exercise of the pre-funded warrants. This financing is part of a broader securities purchase agreement entered into on March 31, 2025, with several institutional investors and a member of management. The agreement allows for the issuance and sale of shares in three separate tranches. The first closing occurred on April 2, 2025, and subsequent closings were facilitated by certain investors waiving specific conditions of the agreement. The company has committed to filing registration statements with the SEC to cover the resale of the shares issued in this private placement, ensuring compliance with securities regulations. This funding is expected to support Talphera's operational needs and strategic initiatives moving forward.

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