Nuwellis Secures Funds Through Shares and Warrants Offering

Nuwellis (NUWE) has issued an update.

Nuwellis, Inc. has launched a financial venture, selling over 483,000 shares at $1.8450 each, alongside warrants to buy additional shares, aiming for gross proceeds of around $892,000. These funds are earmarked for corporate needs and working capital. The offering, which wrapped up on August 26, 2024, also compensated the facilitating agent, Ladenburg Thalmann & Co. Inc., with warrants for future stock purchases. Key to this deal is a short-term freeze on issuing more stock, ensuring stability post-offering.

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