other material
confidence high
sentiment neutral
materiality 0.60
Nuwellis prices $2M registered direct offering of 469,340 shares at $4.24 plus warrants
Nuwellis, Inc.
- Gross proceeds ~$2.0M; net proceeds ~$1.6M after fees.
- Share price $4.24; accompanying warrants exercisable at $3.99 for up to 938,680 shares.
- Closing expected July 25, 2024; Roth Capital Partners acting as exclusive placement agent.
- Proceeds to be used for working capital and general corporate purposes.
- Warrants issued in private placement under Section 4(a)(2) and Regulation D.