Nephros announces $2.9M private placement

|By:, SA News Editor

Nephros (OTCQB:NEPH) has completed a private placement in which it sold ~6.5M shares of common stock at a purchase price of $0.45 per share for gross proceeds of over $2.9M.

The private placement was led by the Pessin family, and included other accredited investors as well as Nephros management.

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