Sanuwave Health Secures Funding and Implements Reverse Split

An update from Sanuwave Health ( (SNWV) ) is now available.

Sanuwave Health, Inc. has entered into a Consent and Limited Waiver agreement to address existing defaults on its Note and Warrant Purchase and Security Agreement, allowing the company to avoid certain penalties until the end of 2024. Concurrently, Sanuwave completed a private placement, raising $10.3 million by selling 1.3 million shares post-reverse stock split, intended to clear debts and bolster working capital. As part of these actions, a 1-for-375 reverse stock split was implemented, reducing outstanding shares significantly, with a focus on maintaining liquidity and meeting financial covenants.

See more data about SNWV stock on TipRanks’ Stock Analysis page.