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-0.13091922005571 0.00278551532033434 0.00278551532033434 0.00278551532033434 0.00278551532033434 0.00278551532033434 -0.0473537604456825 -0.0473537604456825
Stock impact report

SANUWAVE Provides Corporate Update [Yahoo! Finance]

SANUWAVE Health, Inc. (SNWV) 
Company Research Source: Yahoo! Finance
Combined entity has applied to list on Cboe BZX Exchange, Inc. EDEN PRAIRIE, MN - ( NewMediaWire ) - June 04, 2024 - SANUWAVE Health, Inc. (the "Company" or "SANUWAVE") (OTCQB: SNWV), a leading provider of next-generation FDA-approved wound care products, is providing a corporate update on the progress of its proposed merger with SEP Acquisition Corp. ("SEPA") and other corporate financing activities. On Monday, June 3, 2024, the Company paid $2.075 million to settle and extinguish a $6.3 million note and interest owed to Celularity that remained outstanding from the UltraMist acquisition in 2020. A capital raise that included many of the Company's longtime shareholders was used to fund this payment. The Company also reaffirms its previously announced financial guidance for the second quarter and full year 2024. The Company forecasts Q2 2024 revenue to rise 45-55% versus Q2 2023 and for gross margin as a percentage of revenue to remain in the mid 70s. Revenues for the full fisc Show less Read more
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