New Issue: Nephros raises $1.25 million from private placement of stock, warrants

By Devika Patel

Knoxville, Tenn., July 30 - Nephros, Inc. took in $1.25 million in a private placement of stock on July 24, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company sold 1,345,161 common shares at $0.93 apiece, along with warrants for 672,581 shares.

The warrants are exercisable at $1.12 until July 24, 2014.

Nephros is a New York-based medical device company.

Issuer:	Nephros, Inc.
Issue:	Common stock
Amount:	$1,251,000
Shares:	1,345,161
Price:	$0.93
Warrants:	For 672,581 shares
Warrant expiration:	July 24, 2014
Warrant strike price:	$1.12
Settlement date:	July 24
Stock symbol:	OTCBB: NEPH
Stock price:	$1.31 at close July 24
Market capitalization:	$48.5 million

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