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Stock impact report

Nephros Announces $2 Million Private Placement

Nephros, Inc. (NEPH) 
NASDAQ:AMEX Investor Relations: nephros.com/investor-relations
Company Research Source: GlobeNewswire
SOUTH ORANGE, NJ, May 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Nephros, Inc. (OTCQB:NEPH) (the “Company”), a commercial stage company that develops and sells high performance water purification products to the medical device and commercial markets, today announced that it has completed a private placement in which it sold approximately 4.4 million shares of common stock at a purchase price of $0.45 per share, resulting in total gross proceeds to the company of $2 million. The private placement was led by the Pessin and Farwell families. “We appreciate the ongoing support of our investors,” said Daron Evans, President and CEO of Nephros. “Our existing investors’ interest enabled us to opportunistically solidify our balance sheet as we prepare to up-list to a national securities exchange and to finalize the development of our water pathogen diagnostic product.” The securities offered in this private placement have not been registered under the Securities Act of 1933, as amen Show less Read more
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