secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nuwellis, Inc. (NUWE)
CIK:        0001506492
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001140361-22-045030
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506492/000114036122045030/0001140361-22-045030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506492/000114036122045030/brhc10045228_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-045030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer