CHF Solutions (NASDAQ:CHFS) stock identified change of -20.00% away from 52-week low price and recently located move of -96.44% off 52-week high price. It has market worth of $2.31M. CHFS stock has been recorded -42.01% away from 50 day moving average and -78.13% away from 200 day moving average. Moving closer, we can see that shares have been trading -48.21% off 20-day moving average.
On Jan. 24, 2020, CHF Solutions (NASDAQ:CHFS) disclosed the pricing of an underwritten public offering of units for gross proceeds of approximately $8.4 million prior to deducting underwriting discounts and commissions and offering expenses payable by CHF Solutions. The offering is comprised of (1) 3,755,458 Class A Units, priced at a public offering price of $0.55 per unit, with each unit consisting of one share of common stock and a warrant to purchase one share of common stock at an exercise price of $0.55 per share that expires on the fifth anniversary of the date of issuance, and (2) 11,517,269 Class B Units, priced at a public offering price of $0.55 per unit, with each unit consisting of one share of Series H convertible preferred stock, convertible into one share of common stock, and a warrant to purchase one share of common stock with an exercise price of $0.55 per share.
The conversion price of the preferred stock issued in the transaction is fixed and does not contain any variable pricing feature or any price based anti-dilutive feature. The preferred stock issued in this transaction includes a beneficial ownership blocker but has no dividend rights (except to the extent that dividends are also paid on the common stock) or liquidation preference, and, subject to limited exceptions, has no voting rights. The securities comprising the units are immediately separable and will be issued separately. The closing of the offering is expected to take place on or about January 28, 2020, subject to the satisfaction or waiver of customary closing conditions.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), is acting as sole book-running manager in connection with the offering.
The Healthcare sector company, CHF Solutions noticed change of -40.75% to $0.48 along volume of 15431265 shares in recent session compared to an average volume of 912.61K. The stock observed return of -56.36% in 5 days trading activity. The stock was at -37.35% over one month performance. CHFS’s shares are at -56.76% for the quarter and driving a -94.27% return over the course of the past year and is now at -44.26% since this point in 2018.
The average volatility for the week at 35.23% and for month was at 17.38%. There are 4.82M shares outstanding and 4.66M shares are floated in market. Right now the stock beta is 2.55.