Rexahn received net proceeds of approximately $9.32 million after deducting placement agent fees and other offering expenses. Rexahn sold an aggregate of 8.33 million shares of its common stock and warrants exercisable for 3.33 million additional shares of its common stock. The common stock and warrants were sold in units, with each unit consisting of one share of common stock and a warrant to purchase 0.4 of a share of common stock.

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