other material
confidence high
sentiment neutral
materiality 0.40
Nuo Therapeutics raises $650,875 in private placement of 867,833 shares at $0.75/share
Nuo Therapeutics, Inc.
- Gross proceeds of $650,875 from sale of 867,833 shares of common stock at $0.75 per share.
- Insiders invested $187,500 total: Scott Pittman ($101,250), Peter Clausen ($11,250), Charles Sheedy ($75,000).
- Proceeds to be used for working capital; shares sold under Rule 506(b) of the Securities Act.
- Post-closing shares outstanding increased to 45,109,349.