What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2026-03-12 compared with 2025-03-18 · 32 added, 14 removed, 10 unchanged (82% of the section changed)

5 – MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

common stock is listed on The NASDAQ Capital Market under the symbol “TNXP”.

March 17, 2025, the closing sale price of our common stock, as reported by The NASDAQ Stock Market, was $16.28 per share.

17, 2025, there were approximately 220 holders of record of our common stock.

Because many of our shares of common stock are held by brokers

and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these

record holders.

Our common stock is listed on The NASDAQ Global Select Market under the

symbol “TNXP”.

On March 11, 2026, the closing sale price of our common stock, as reported

by The NASDAQ Stock Market, was $13.98 per share.

On March 11, 2026, there were approximately 421 holders of record of our common stock.

Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate

the total number of stockholders represented by these record holders.

have never paid any cash dividends on our capital stock and do not anticipate paying any cash dividends on our common stock in

6 unchanged sentences

of Equity Securities by the Issuer and Affiliated Purchasers

In September 2024, the Board of Directors approved a share repurchase program

pursuant to which we may repurchase up to $10.0 million in value of our outstanding common stock from time to time on the open market

and in privately negotiated transactions subject to market conditions, share price and other factors.

No repurchases occurred during the

quarter ended December 31, 2024.

Subsequent to December 31, 2024, we repurchased 250,000 of our shares

of common stock outstanding under the share repurchase program at prices ranging from $9.98 to $14.33 per share for a gross aggregate

cost of approximately $3.0 million.

November 2025, the Board of Directors approved a share repurchase program pursuant to which we may repurchase up to $35.0 million in

value of our outstanding common stock from time to time on the open market and in privately negotiated transactions subject to market

conditions, share price and other factors.

Under this program, the timing and amount of any shares repurchased will be determined

based on the Company’s evaluation of market conditions and other factors, and the program may be discontinued or suspended

Repurchases will be made in accordance with the rules and regulations promulgated by the SEC and certain other

legal requirements to which the Company may be subject.

Repurchases may be made, in part, under a Rule 10b5-1 plan, which allows

stock repurchases when the Company might otherwise be precluded from doing so.

The following table presents information with respect to our repurchases

of common stock during the quarter ended December 31, 2025.

Number of Shares

Average Price

Paid per Share

of Shares Purchased

as Part of Publicly

Announced Programs

Approximate Dollar Value

of Shares that May

Yet Be Purchased

Under Publicly

Announced Programs

October 1 - 31

November 1 - 30

December 1 - 31

6 – [RESERVED]

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity