Nuo Therapeutics Closes $325,000 Second Funding Under Amended Loan; Total Draw Reaches $2 Million
Nuo Therapeutics (AURX) closed a $325,000 second funding round, issuing 12% secured notes due 2028 and warrants. Total proceeds under the facility reached $2,000,000. The amendment allowed four new lenders, including a director, to join without increasing warrant coverage. The funds were secured to accelerate the second closing date and add lenders for liquidity.
