Entry into Material Definitive Agreement

On September 1, 2020, Rexahn Pharmaceuticals, Inc. (the "Company") reported that entered into a Warrant Exchange Agreement (the "Agreement") with Anson Investments Master Fund LP ("Anson") (Filing, 8-K, Rexahn, SEP 1, 2020, View Source [SID1234564274]). The Company previously issued to Anson (a) a warrant to purchase 62,500 shares (on a post-reverse stock split basis) of its common stock, par value $.0001 per share (the "Common Stock") pursuant to the offering described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on September 14, 2016 (the "2016 Warrant"), (b) a warrant to purchase 44,192 shares (on a post-reverse stock split basis) of Common Stock pursuant to the offering described in the Company’s Current Report on Form 8-K filed with the SEC on June 7, 2017 (the "2017 Warrant"), (c) a warrant to purchase 160,257 shares (on a post-reverse stock split basis) of Common Stock pursuant to the offering described in the Company’s Current Report on Form 8-K filed with the SEC on October 19, 2018 (the "2018 Warrant"), and (d) warrants to purchase an aggregate of 145,502 shares (on a post-reverse stock split basis) of Common Stock pursuant to the offering described in the Company’s Current Report on Form 8-K filed with the SEC on January 25, 2019 (the "2019 Warrants" and together with the 2016 Warrant, the 2017 Warrant and the 2018 Warrant, the "Warrants"). Pursuant to the Agreement, on September 1, 2020, the Company issued to Anson an aggregate of 192,878 shares of Common Stock in exchange for the surrender and cancellation of the Warrants.

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