Navigation Links
Nephros Announces Completion of $3.2 Million Financing Through Rights Offering and Private Placement Transactions
Date:3/10/2011

RIVER EDGE, N.J., March 10, 2011 /PRNewswire/ -- Nephros, Inc. (OTC Bulletin Board: NEPH), a medical device company developing and marketing filtration products for therapeutic applications, infection control, and water purification, today announced the completion of its rights offering and private placement that together resulted in gross proceeds of approximately $3.2 million to Nephros.  The aggregate net proceeds received by Nephros from the rights offering and private placement are estimated to be approximately $2.3 million, after deducting the estimated aggregate expenses of these transactions, the repayment of the $500,000 note, plus all accrued interest thereon, issued to Lambda Investors, LLC, Nephros' largest stockholder, in September 2010 in connection with its loan to Nephros, the payment of an 8% sourcing/transaction fee ($40,000) in respect of the note and an aggregate of $100,000 for reimbursement of Lambda Investors' legal fees incurred in connection with the loan and the rights offering.

"Nephros is pleased to have successfully closed the shareholders rights offering and related private placement financing," said James S. Scibetta, Chairman of Nephros.  "The net proceeds from these transactions will provide Nephros with funds to pursue the further development and commercialization of our filtration products."

Nephros' stockholders subscribed for 99,297,082 units in its previously announced rights offering and Nephros accepted all basic subscription rights and oversubscription privileges.  The units were sold at a per unit purchase price of $0.02.  Gross proceeds to Nephros from the sale of these units in the rights offering was approximately $2.0 million.  Nephros issued an aggregate of 99,297,082 shares of its common stock and warrants to purchase an aggregate of approximately 91.8 million shares of its common stock to stockho
'/>"/>

SOURCE Nephros, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine technology :

1. Nephros Announces $3.2 Million Financing Through Completion of Rights Offering and Private Placement Transactions
2. Nephros Extends Rights Offering
3. Nephros Has Commenced Rights Offering
4. Nephros Rights Offering Registration Statement Declared Effective
5. Nephros Reports 2010 Third Quarter Financial Results
6. Nephros Completes Bridge Financing and Announces Stockholder Rights Offering
7. Nephros Reports 2010 Second Quarter Financial Results
8. Nephros Receives Formal Response from FDA for 510(k) Application for Hemodiafiltration System
9. Nephros and AmeriWater Announce Dual Stage Ultrafilters to be a Standard Component of MRO Series Water Treatment Systems
10. Nephros Reports 2010 First Quarter Financial Results
11. Nephros Signs Development Agreement with STERIS
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/23/2015)... 23, 2015 Gem Pharmaceuticals announced today that the ... into the Company,s Phase 2 clinical trial.  This open-label ... lead compound, GPX-150 (an investigational medication), in approximately 30 ... Logo - http://photos.prnewswire.com/prnh/20150123/170966LOGO ...
(Date:1/23/2015)... 23, 2015 Tianyin Pharmaceutical Inc. (NYSE Amex: ... the development and sale of patented biopharmaceutical medicine, modernized ... ingredients (API) today announced the business and development progress ... 1. Following the September 2014 JCM application (No. ...
(Date:1/22/2015)... Colo. , Jan. 22, 2015  BiOptix is pleased ... as Vice President of Chemistry and Biochemistry. Scott joins ... Pharmaceuticals, AstraZeneca Pharmaceuticals, and Amgen throughout the course of ... development. "Scott is a nationally recognized thought ...
Breaking Medicine Technology:Gem Pharmaceuticals Announces Enrollment of Initial Patients in its Phase 2 Clinical Trial to Assess the Efficacy and Safety of GPX-150 in Sarcoma Patients 2TPI's JCM Updates on Import Registration for International Clients 2TPI's JCM Updates on Import Registration for International Clients 3TPI's JCM Updates on Import Registration for International Clients 4BiOptix Expands Leadership Team with the Appointment of Dr. Scott Klakamp as Vice President of Chemistry and Biochemistry 2
... Biopharmaceutical Services, Inc. announced today that the U.S. ... for an Electronic Submissions Gateway (ESG) to the ... clients a validated, direct electronic path for IND ... BLA (Biologic License Application) submissions and builds upon ...
... Gamma Knife® Perfexion™ earned the number one ranking in the ... in KLAS Awards: Medical Equipment & Infrastructure* report. Perfexion ... In the report, Perfexion scored 92.9 out of ... again. On a 1 to 9 scale, Perfexion received an ...
Cached Medicine Technology:Laureate's Electronic Submission Gateway Approved 2Elekta's Leksell Gamma Knife Perfexion is Ranked 2011's Best in KLAS for Radiation Therapy 2Elekta's Leksell Gamma Knife Perfexion is Ranked 2011's Best in KLAS for Radiation Therapy 3
(Date:1/22/2015)... LunaDress, with its top dressmaking technologies, has been ... business is showing its latest designs of wedding dresses and ... the company’s CEO, all the fresh new products are designed ... up to 80% off. All the clothes from LunaDress follow ...
(Date:1/22/2015)... Padre Murphy's and Owner Tom Boyle in ... Player Health Alliance (PPHA). The PPHA's passion for others' ... including NFL greats, treated for obstructive sleep apnea (OSA) has ... the cause in the valley. The most recent plans for ...
(Date:1/22/2015)... Blue Cross and Blue Shield of Minnesota (Blue ... means to “Live Fearless.” , The “Faces of ... stories about how they or someone they know has faced ... in the moment. By telling these types of stories through ...
(Date:1/22/2015)... January 22, 2015 A new white ... experience and person-centeredness in the long-term care environment as ... across the continuum. The paper, “The Power of Person-Centeredness ... perspectives and practices of the patient, resident and family ...
(Date:1/22/2015)... Carinsurancesavings.biz has released a new blog post presenting ... . , Purchasing an accidental death and dismemberment rider ... type of rider provides benefits if the insured dies in ... lesser form of life insurance. , AD&D is not ...
Breaking Medicine News(10 mins):Health News:LunaDress Shows The Latest Styles Of Wedding Dresses In 2015 2Health News:Padre Murphy's Holds NFL Retired Players Association Party Star Studded Event With Bud Light and Pro Player Health Alliance Sponsoring 2Health News:Padre Murphy's Holds NFL Retired Players Association Party Star Studded Event With Bud Light and Pro Player Health Alliance Sponsoring 3Health News:Blue Cross and Blue Shield of Minnesota to Showcase “Faces of Fearless” 2Health News:The Power of Person-Centeredness in Long-Term Care Explored by The Beryl Institute 2Health News:The Power of Person-Centeredness in Long-Term Care Explored by The Beryl Institute 3Health News:Accidental Death and Dismemberment Insurance Can Be Purchased at Low Prices Online 2
... website to improve navigation, functionality and user-friendliness. The new website ... but with better design and navigation, users can now access ... ... Neptune Beach, FL (PRWEB) May 18, ...
... Most Hispanics agree that the health of the entire ... their ownRIDGEFIELD, Conn., May 18 The economic downturn ... in the Hispanic community, with parents prioritizing their children,s ... Hispanics consider it equally important for parents to take ...
... States District Court issued a decision and order Friday ... attempt to prevent Ted Karkus, Mark Burnett, John ... McCubbin ("the Shareholder Nominees") from continuing their efforts to allow ... current board. The Federal Court,s decision followed ...
... /PRNewswire-Asia-FirstCall/ -- Emerald Dairy, Inc.,(OTC Bulletin Board: EMDY), a leading ... soybean products in China, today announced,results for the first fiscal ... Financial Highlights for the First Quarter, -- ... essentially breakeven in the ...
... on frequency of resistance development and safety presented ... and Infectious Diseases (ECCMID)SAN DIEGO, May 18 ... drugs for the treatment of serious bacterial infections, ... torezolid (TR-701), a novel antibiotic that is a ...
... Sciences, Inc. (OTC Bulletin Board: DSCI), a provider ... first quarter ended March 31, 2009. For the quarter, ... million in the first quarter 2008. The sales decrease of ... a significant weakening in the Canadian dollar and inventory rationalization ...
Cached Medicine News:Health News:International Student Insurance Announces Website Redesign 2Health News:New Research Finds Recession Has Greater Impact on Health of Parents than Children with Specific Findings on Hispanics 2Health News:New Research Finds Recession Has Greater Impact on Health of Parents than Children with Specific Findings on Hispanics 3Health News:Judge Rejects Quigley's Claims - Karkus Director Candidates Prevail in Federal Court 2Health News:Judge Rejects Quigley's Claims - Karkus Director Candidates Prevail in Federal Court 3Health News:Judge Rejects Quigley's Claims - Karkus Director Candidates Prevail in Federal Court 4Health News:Judge Rejects Quigley's Claims - Karkus Director Candidates Prevail in Federal Court 5Health News:Judge Rejects Quigley's Claims - Karkus Director Candidates Prevail in Federal Court 6Health News:Judge Rejects Quigley's Claims - Karkus Director Candidates Prevail in Federal Court 7Health News:Emerald Dairy Inc. Reports Record Earnings For First Quarter 2009 2Health News:Emerald Dairy Inc. Reports Record Earnings For First Quarter 2009 3Health News:Emerald Dairy Inc. Reports Record Earnings For First Quarter 2009 4Health News:Emerald Dairy Inc. Reports Record Earnings For First Quarter 2009 5Health News:Emerald Dairy Inc. Reports Record Earnings For First Quarter 2009 6Health News:Trius Presents New Data on Torezolid Antibiotic for Treatment of Methicillin-Resistant Staphylococcus Aureus (MRSA) Infections 2Health News:Derma Sciences Reports First Quarter 2009 Results 2Health News:Derma Sciences Reports First Quarter 2009 Results 3Health News:Derma Sciences Reports First Quarter 2009 Results 4Health News:Derma Sciences Reports First Quarter 2009 Results 5Health News:Derma Sciences Reports First Quarter 2009 Results 6
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
Medicine Products: