Nuwellis Announces Equity Offering to Strengthen Finances

An announcement from Nuwellis (NUWE) is now available.

Nuwellis, Inc. has announced a financial move to boost its capital, having entered into agreements to sell over 469,000 shares at $4.24 each, along with warrants to purchase additional shares, in a combined registered and private offering. The company expects to raise approximately $1.6 million, minus fees and expenses, with the proceeds aimed at enhancing working capital and general corporate purposes. The offering, which hinges on customary closing conditions, is anticipated to wrap up the following day and includes terms that prevent the company from issuing further shares for a set period post-closing.

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