Nuwellis Announces Closing of $11.04 Million Underwritten Public Offering Including Full Exercise of Overallotment Option

October 18, 2022

https://www.globenewswire.com/news-release/2022/10/18/2536929/26106/en/Nuwellis-Announces-Closing-of-11-04-Million-Underwritten-Public-Offering-Including-Full-Exercise-of-Overallotment-Option.html

MINNEAPOLIS, Oct. 18, 2022 (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 an underwritten public offering of units with gross proceeds of approximately $11.04 million, which includes the full exercise of the underwriter’s over-allotment option to purchase additional shares and warrants, prior to deducting underwriting discounts and commissions and offering expenses payable by Nuwellis.

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