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Nephros Has Commenced Rights Offering
Date:2/11/2011

shares of common stock and a warrant to purchase 386 shares of common stock (418 units × 0.924532845 = 386.4547292, rounded down to 386, the nearest whole number) at an exercise price of $0.02 per share for a period of five years following the issue date of the warrant.

Holders that exercise their rights, if accepted, will receive the components of the units (one share of common stock and one warrant to purchase 0.924532845 shares of common stock per unit) after the close of the rights offering.  Nephros will not issue and holders will not receive units in the rights offering.

Nephros stockholders who exercise their basic subscription privilege in full may also exercise an over-subscription privilege to subscribe for additional units not subscribed for by other stockholders at the same subscription price of $0.02 per unit. If there is an insufficient number of units available to fully satisfy all over-subscription privilege requests, the available units will be allocated proportionately among stockholders who exercise their over-subscription privileges based on the number of units each such stockholder subscribed for under the basic subscription privilege.

The subscription rights will expire if they are not exercised by 5:00 p.m., Eastern Time, on February 28, 2011, unless Nephros extends the subscription period in its sole discretion, but in no event by more than 60 days from the date of the prospectus contained in the registration statement.

The prospectus contains a description of the rights offering and other information.  Stockholders are urged to read the prospectus carefully.  Morrow & Co., LLC is the information agent for the rights offering. Stockholders may direct questions regarding the rights offering or requests for additional copies of the prospectus or other offering materials to Morrow & Co., LLC at (800) 414-4313, 407 West Avenue, Stamford, Connecticut 06902.  The rights
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SOURCE Nephros, Inc.
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Related medicine technology :

1. Nephros Rights Offering Registration Statement Declared Effective
2. Nephros Reports 2010 Third Quarter Financial Results
3. Nephros Completes Bridge Financing and Announces Stockholder Rights Offering
4. Nephros Reports 2010 Second Quarter Financial Results
5. Nephros Receives Formal Response from FDA for 510(k) Application for Hemodiafiltration System
6. Nephros and AmeriWater Announce Dual Stage Ultrafilters to be a Standard Component of MRO Series Water Treatment Systems
7. Nephros Reports 2010 First Quarter Financial Results
8. Nephros Signs Development Agreement with STERIS
9. Nephros Signs Canadian Distribution Agreement with Bellco Health Care Inc.
10. Nephros Reports 2009 Third Quarter Financial Results
11. Nephros Completes Pivotal U.S. Clinical Trial for its Hemodiafiltration Products
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