Nuwellis announces pricing of $2.25 million public offering of series j convertible redeemable preferred stock and warrants

Minneapolis, oct. 13, 2023 (globe newswire) -- nuwellis, inc. (nasdaq: nuwe) (“nuwellis” or the “company”), a commercial-stage company focused on transforming the lives of people with fluid overload, today announced the pricing of a public offering of 150,000 units (the “units”), with each unit consisting of one share of the company's series j convertible redeemable preferred stock, par value $0.0001 per share, with a liquidation preference of $25.00 per share (the “series j convertible preferred stock”), and one warrant (the “warrants”) to purchase one-half of one (0.50) share of series j convertible preferred stock. the offering is expected to close on october 17, 2023, subject to customary closing conditions.
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