DealsAug 3, 2026, 04:41 PM
Nuwellis Raises $3.4M in Offering; $3.1M from Warrants
AI Summary
Nuwellis, Inc. announced the pricing and closing of a registered direct offering and concurrent private placement, generating approximately $3.4 million in gross proceeds. The company sold 1,310,890 shares of common stock at $2.59 per share and issued warrants to purchase an equal number of shares at the same exercise price. Additionally, Nuwellis received $3.1 million from the exercise of previously issued warrants from a June 2026 public offering.
Key Highlights
- Nuwellis raised $3.4 million gross proceeds from a registered direct offering and private placement.
- Sold 1,310,890 common shares at $2.59 per share in the registered offering.
- Issued warrants for 1,310,890 shares at $2.59 exercise price in the concurrent private placement.
- Received an additional $3.1 million from the exercise of previously issued warrants from June 2026.
- Ladenburg Thalmann & Co. Inc. received a 9.0% cash fee and warrants for 3.0% of shares issued.
- Placement Agent Warrants have an exercise price of $4.2735 per share.
Price Impact
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