Nuwellis ( NASDAQ: NUWE ) has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 496,901 shares of the Co.'s common stock at a price of $1.8450/share of common stock in a registered direct offering priced ATM.
In addition, in a concurrent private placement, the Co. will issue to the investors warrants to purchase up to 496,901 shares of common stock. The warrants have an exercise price of $1.
72/share, will be exercisable immediately. The gross proceeds to Nuwellis from the registered direct offering and the concurrent private placement are expected to be ~$0.92M, and intends to use the net proceeds for working capital and for general corporate purposes.
The closing of the registered direct offering and the concurrent private placement is expected to occur on or about August 26, 2024. More on Nuwellis Nuwellis, Inc. (NUWE) Q2 2024 Earnings Call Transcript Nuwellis GAAP EPS of -$18.
85 misses by $10.61, revenue of $2.19M beats by $0.
19M Nuwellis to sell ~0.47M shares at $4.24 in registered direct offering Seeking Alpha’s Quant Rating on Nuwellis Historical earnings data for Nuwellis.
