Nuwellis Announces Pricing of $3.4 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Nuwellis priced a registered direct offering of 1,310,890 shares of common stock at $2.59 per share, resulting in gross proceeds of approximately $3.4 million. Concurrently, the company received roughly $3.1 million from the exercise of previously issued warrants and issued new warrants to purchase up to 1,310,890 shares in a private placement. Ladenburg Thalmann & Co. Inc.
Key figures
- Offering Price
- 2.59
- Shares Offered
- 1310890
- Warrant shares
- 1310890
- Warrant proceeds
- $3.1 Million
- Warrant term years
- 5
- Warrant exercise price
- 2.59
AI analysis
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