Nuwellis Prices $6 Million Public Offering; Shares Fall Pre-Bell

MT Newswires Live

06/05

Nuwellis (NUWE) said Friday it has priced a public offering of 20 million shares with accompanying warrants at $0.30 apiece, potentially raising $6 million in gross proceeds.

The company said it simultaneously agreed to transactions with some of its existing holders to amend previously issued stock purchase warrants, reducing their exercise price to $0.30.

Nuwellis shares were down 65% in Friday's premarket activity.

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