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- Nuwellis (NASDAQ:NUWE) has entered right into a definitive securities buy settlement with sure institutional traders for the acquisition and sale of 496,901 shares of the Co.’s widespread inventory at a worth of $1.8450/share of widespread inventory in a registered direct offering priced ATM.
- In addition, in a concurrent personal placement, the Co. will subject to the traders warrants to buy up to 496,901 shares of widespread inventory.
- The warrants have an train worth of $1.72/share, can be exercisable instantly.
- The gross proceeds to Nuwellis from the registered direct offering and the concurrent personal placement are anticipated to be ~$0.92M, and intends to use the web proceeds for working capital and for basic company functions.
- The closing of the registered direct offering and the concurrent personal placement is anticipated to happen on or about August 26, 2024.
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Source: Seekingalpha