Nuwellis Announces Pricing Of $2.25M Public Offering Of Series J Convertible Redeemable Preferred Stock And Warrants
Portfolio Pulse from Happy Mohamed
Nuwellis, Inc. (NASDAQ:NUWE) has announced the pricing of a public offering of 150,000 units, each consisting of one share of the Company's Series J Convertible Redeemable Preferred Stock and one warrant to purchase half a share of the same. The offering is expected to close on October 17, 2023. The gross proceeds from the offering are expected to be approximately $2.25 million, which Nuwellis intends to use for working capital and general corporate purposes.
October 13, 2023 | 12:33 pm
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Nuwellis' public offering of Series J Convertible Redeemable Preferred Stock and Warrants could potentially increase the company's liquidity and provide funds for working capital and general corporate purposes.
The public offering is expected to raise approximately $2.25 million for Nuwellis, which the company plans to use for working capital and general corporate purposes. This could potentially improve the company's financial position and provide it with the necessary funds to continue its operations and invest in growth opportunities.
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