Nuwellis secures $3.4M through the sale of 1.31M shares to institutional investors under Nasdaq rules.
Nuwellis announced a $3.4M registered direct offering, selling 1.31M shares of common stock at $2.59 per share. The offering was priced at-the-market under Nasdaq regulations and targeted institutional investors.
The company did not disclose prior expectations or consensus for the offering. The share price reflects current market conditions, with no immediate comparison to previous periods provided.
No immediate market reaction was detailed in the announcement.