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CHF Solutions closes $5.4M common stock offering

Medical device company CHF Solutions Inc. closed an underwritten public offering of 2,547,169 common shares, priced $2.12 per share.

The Eden Prairie, Minn.-based company raised gross proceeds, of $5.4 million, including the underwriters' full exercise of the overallotment option.

Net proceeds will go toward general corporate purposes, including expansion of the company's sales and commercial teams.

Ladenburg Thalmann Financial Services Inc.'s unit Ladenburg Thalmann & Co. Inc. acted as sole book-running manager for the offering, with Dawson James Securities Inc. as co-manager.