CHF Solutions (NASDAQ:CHFS) stock observed trading -93.46% off 52-week high price. On the other end, the stock has been noted 6.63% away from low price over the last 52-weeks. The stock disclosed a move of -41.22% away from 50 day moving average and -79.53% away from 200 day moving average. Moving closer, we can see that shares have been trading -22.04% off 20-day moving average. It has market cap of $5.46M.
On March 20, 2020, CHF Solutions (NASDAQ:CHFS) notified the pricing of a registered direct offering of 4,161,392 shares of its common stock at a price to the public of $0.30 per share, for gross proceeds of approximately $1,248,000, prior to deduction of commissions and offering expenses payable by CHF Solutions. In a concurrent private placement, the Company agreed to issue to the investors in the registered direct offering unregistered warrants to purchase up to 4,161,392 shares of the Company’s common stock.
Ladenburg Thalmann & Co. Inc. is acting as exclusive placement agent in connection with the offering.
The Company intends to use the net proceeds for the offering for general corporate purposes, including the continued investment in commercialization efforts.
The warrants to purchase up to 4,161,392 shares of common stock have an exercise price of $0.3726 per share, will be exercisable six months from the date of issuance, and will expire five and a half years from the date of issuance. The Company has agreed to file a registration statement registering the shares of common stock issuable upon exercise of the warrants within sixty days of the closing of the private placement.
The USA based company CHF Solutions moved with change of -14.14% to $0.32 with the total traded volume of 3434694 shares in recent session versus to an average volume of 2.88M shares. The stock was observed in the 5 days activity at -17.97%. The one month performance of stock was -14.65%. CHFS’s shares are at -56.77% for the quarter and driving a -91.65% return over the course of the past year and is now at -62.85% since this point in 2018. Right now the stock beta is 2.03. The average volatility for the week and month was at 32.82% and 25.44% respectively. There are 17.06M shares outstanding.