Nuwellis announces 1-for-100 reverse stock split effective Dec 9, 2022

Nuwellis, Inc.

Stockholders approved reverse split range of 1-for-50 to 1-for-100 at Dec 5 special meeting; Board set 1-for-100 ratio.
Reverse split effective 5:00 p.m. ET Dec 9; split-adjusted trading begins Dec 12 on Nasdaq under symbol NUWE.
Every 100 pre-split shares convert to 1 share; fractional shares rounded down and paid in cash based on closing price.
Proportionate adjustments made to exercise prices and shares underlying preferred stock, options, RSUs, and warrants.
New CUSIP number for post-split common stock: 67113Y 405; transfer agent American Stock Transfer & Trust acting as exchange agent.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Nuwellis, Inc.: Amended Certificate of Incorporation to effect a one-for-one hundred reverse stock split of common stock (effective 2022-12-09).

Change: charter amendment
Effective: 2022-12-09

Exact text from the filing

On December 9, 2022, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split.

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Nuwellis, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-22-045030

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