Eton Pharmaceuticals Announces Closing of Public Offering

Pharmaceuticals Announces Closing of Public Offering

PARK, IL., October 16, 2020 (GLOBE NEWSWIRE) - Eton Pharmaceuticals, Inc (Nasdaq: ETON), a specialty pharmaceutical company

focused on developing and commercializing innovative treatments for rare pediatric diseases, today announced the closing of its

previously announced offering of 3,220,000 shares of common stock at a public offering price of $7.00 per share. The total offering

included 420,000 shares sold as a result of the underwriter's exercise of its overallotment option in full.

proceeds to Eton Pharmaceuticals from this offering are approximately $22.5 million before deducting underwriting discounts, commissions

and other offering expenses. Eton Pharmaceuticals intends to use the net proceeds from the offering primarily for general corporate

purposes, which may include research and development activities, capital expenditures, selling, general and administrative costs,

and to meet working capital needs.

Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ: NHLD), acted as the sole book-running manager

of the offering. The Liquid Venture Partners group at National Securities was responsible for sourcing and executing the offering.

shares described above were offered pursuant to a registration statement previously filed with and subsequently declared effective

by the Securities and Exchange Commission, or SEC. The final prospectus supplement and accompanying base prospectus relating to

the offering may be obtained from National Securities Corporation, Attn: Charles Wanyama, ECM -Syndicate, 200 Vesey Street, 25th

Floor New York, NY 10281, email: cwanyama@yournational.com, telephone: (212)-417-3634. Electronic copies of the final prospectus

supplement and accompanying base prospectus are also available on the SEC's website at http://www.sec.gov.

press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein,

nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be

unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Eton Pharmaceuticals

Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on developing and commercializing innovative treatments for

rare pediatric diseases. The company currently owns or receives royalties from three FDA-approved approved products, including

ALKINDI SPRINKLE, Biorphen , and Alaway Preservative Free , and has six additional products in its late-stage pipeline,

including five that have been submitted to the FDA.

press release contains forward-looking statements regarding the intended use of proceeds from the offering. Forward-looking statements

involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially, including

those risks disclosed in the section "Risk Factors" included in the final prospectus supplement and accompanying base

prospectus filed with the SEC on October 15, 2020. Eton Pharmaceuticals cautions readers not to place undue reliance on any forward-looking

statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to

reflect new circumstances or unanticipated events as they occur.