Nuwellis prices $916,000 registered direct offering with warrants at $1.72 strike

Nuwellis, Inc.

Gross proceeds ~$916k from sale of 496,901 shares at $1.845/share and warrants for 496,901 shares.
Warrants exercisable immediately at $1.72/share, expiring 5 years from registration effectiveness.
Offering closed Aug 26, 2024; net proceeds for working capital and general corporate purposes.
Ladenburg Thalmann acted as exclusive placement agent; cash fee of 8% of gross proceeds.
Company also issued placement agent warrants to purchase 14,501 shares at $3.04425, expiring Aug 23, 2029.

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