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

Minneapolis, oct. 17, 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 closing of its previously announced 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.
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