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CHFS - CHF Solutions plunges in early trade on pricing $18.1M stock offering
Nuwellis
CHF Solutions (CHFS) slumped 22.4% in premarket after pricing its underwritten public offering of 3.3M shares at $5.5/share for gross proceeds of ~$18.1M.Underwriters granted 45 days to purchase up to an additional 495,106 shares.Net proceeds to be used for general corporate purposes, including the continued investment in commercialization efforts.Offering is expected to close on or about Mar.19.