Corporate ActionJun 8, 2026, 09:48 PM
Nuwellis Closes $6.0M Public Offering of Stock and Warrants
AI Summary
Nuwellis, Inc. announced the closing of its public offering, raising approximately $6.0 million in gross proceeds. The offering included 1,903,338 shares of common stock and 18,096,662 pre-funded warrants, each accompanied by Series C and Series D Warrants. The common stock and accompanying warrants were priced at $0.30 per unit, while pre-funded warrants and accompanying warrants were priced at $0.2999 per unit. The Series C and D Warrants are exercisable at $0.30 following stockholder approval and a reverse stock split.
Key Highlights
- Closed public offering with gross proceeds of approximately $6.0 million.
- Offered 1,903,338 shares of common stock.
- Offered 18,096,662 pre-funded warrants.
- Included Series C Warrants to purchase up to 60,000,000 shares.
- Included Series D Warrants to purchase up to 20,000,000 shares.
- Common stock and accompanying warrants priced at $0.30 per unit.
- Pre-funded warrants and accompanying warrants priced at $0.2999 per unit.
- Series C and D Warrants have an exercise price of $0.30.
Price Impact
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