Nuwellis shares are trading lower after the company announced a $916K direct offering of 496,901 shares at $1.8450 per share.
Portfolio Pulse from Benzinga Newsdesk
Nuwellis shares declined following the announcement of a $916K direct offering of 496,901 shares at $1.8450 per share.
August 23, 2024 | 2:22 pm
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Nuwellis shares are trading lower due to a $916K direct offering of 496,901 shares at $1.8450 per share.
The announcement of a direct offering typically leads to a decrease in share price due to dilution concerns. The offering price of $1.8450 per share may also be perceived as a discount, further pressuring the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100