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Stock impact report

Nephros Announces Pricing of $7.5 Million Underwritten Offering of Common Stock

Nephros, Inc. (NEPH) 
NASDAQ:AMEX Investor Relations: nephros.com/investor-relations
Company Research Source: GlobeNewswire
SOUTH ORANGE, NJ, Jan. 31, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Nephros, Inc. (Nasdaq: NEPH) (“Nephros” or the “Company”), a  commercial-stage company that develops and sells high performance water purification products and pathogen detection systems to the medical device and commercial markets, today announced the pricing of a firm commitment underwritten offering of 937,500 shares of common stock at a price to the public of $8.00 per share for aggregate gross proceeds of approximately $7,500,000, before underwriting discounts and offering expenses. The offering is expected to close on or about February 4, 2020, subject to the satisfaction of customary closing conditions. Craig-Hallum Capital Group is acting as sole managing underwriter for the offering.   Maxim Group LLC and The Benchmark Company, LLC are each acting as financial advisors to Nephros. Net proceeds of the offering, after underwriting discounts but before offering expenses, are expected to be approximately Show less Read more
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