01:52 PM EDT, 06/09/2025 (MT Newswires) -- Nuwellis ( NUWE ) priced a public offering of 406,755 common shares and related warrants, along with prefunded warrants for 14.1 million shares, to raise $4.3 million.

Each offering includes series A warrants to buy up to 43.5 million shares and series B warrants to buy up to 14.5 million shares, the company said Monday in a statement.

The public offering price of common stock and accompanying warrants is $0.30 a share, while the price per prefunded warrant and accompanying warrants is $0.2999 apiece.

The net proceeds are expected to be used for working capital and general corporate purposes, "including possible acquisition activity," the company said. The offering is expected to close Tuesday.

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