Nephros, Inc. (NEPH) Prices 937.5K Share Common Offering at $8/Sh

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Go back to Nephros, Inc. (NEPH) Prices 937.5K Share Common Offering at $8/Sh

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

January 31, 2020 7:30 AM EST

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.

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