Tag Archive : CHF Solutions Offering

CHF Solutions, Inc. Closes the Underwritten Public Offering and Full Exercise of Over-Allotment Option

To collect the gross proceeds of $14.37 million, CHF Solutions, Inc. (NASDAQ:CHFS) has closed its underwritten public offering of units. The gross poceeds includes the full exercise of over-allotment option of underwriter who were allowed to purchase additional shares and warrants. These gross proceeds are concluded  without deducting the underwriting discounts and commissions and offering expenses payable by CHF Solutions.

The company had priced the offering  at a public offering price of $0.45 per unit and the offering was is comprised of Units not directly on shares where each unit comprises of one share of common stock and provides a warrant to buy each common stock share  for exercise price of $0.45 per share. These shares are projected to expire five years following the date of issuance.

For the offering, Ladenburg Thalmann & Co. Inc. has role of sole book-running manager. Maxim Group LLC is hired for the work related co-manager.

The company offered a total of 31,940,324 shares from the common stock and provided up to 31,940,324 shares of common stock for warrants to purchase and the offering also includes the full exercise of over-allotment option.

The company offered the securities in line with its registration statement that it provided on Form S-1. United States Securities and Exchange Commission declared it effective on August 18, 2020.