Nuo Therapeutics raises $1.035M in private placement at $2.00/share; insiders participate

Nuo Therapeutics, Inc.

Gross proceeds of $1,035,000 from sale of 517,500 shares of common stock at $2.00 per share.
Participants include director Scott Pittman ($200k), COO Peter Clausen ($50k), stockholder Charles Sheedy ($125k).
Proceeds will be used for working capital purposes.
Post-offering outstanding shares are 42,316,516.
Shares sold in unregistered transaction under Section 4(a)(2) and Rule 506.

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