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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