---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-000530"
form_type: "8-K"
ticker: "NUWE"
cik: "0001506492"
company_name: "Nuwellis, Inc."
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:34:41.769289+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Nuwellis stockholders approve issuance of up to 66.2M shares upon exercise of warrants

## Summary
- Warrant Proposal passed with ~1.96M for, ~1.79M against, ~69k abstain.
- Adjournment authority also approved: ~1.97M for, ~1.75M against, ~97k abstain.
- Total shares present at meeting: ~3.82M (36% of outstanding).
- As of Jan 3, 2023, after 1-for-? reverse split, company has 536,394 shares outstanding.
- Approval permits issuance of up to 66.2M shares upon exercise of October 2022 warrants, causing significant dilution.

## SEC filing metadata
- accession: 0001140361-23-000530
- form_type: 8-K
- ticker: NUWE
- cik: 0001506492
- company_name: Nuwellis, Inc.
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506492/000114036123000530/0001140361-23-000530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506492/000114036123000530/brhc10046295_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-000530
- JSON: https://secwatch.observer/filing/0001140361-23-000530.json
- Plain text: https://secwatch.observer/filing/0001140361-23-000530.txt

## Key facts
- Shareholder Votes
  Nuwellis, Inc. shareholders approved To approve pursuant to Nasdaq Listing Rule 5635(d) and Nasdaq’s interpretations and guidance thereunder, the issuance of up to 66,226,752 shares of the Company’s common stock upon exercise of warrants issued in the October 2022 Underwritten Offering at the 2023-01-04 meeting.
  - Outcome: passed
  - Meeting: 2023-01-04
  source text: Proposal 1 - To approve pursuant to Nasdaq Listing Rule 5635(d) and Nasdaq’s interpretations and guidance thereunder, the issuance of up to 66,226,752 shares of the Company’s common stock ( as the same is to be adjusted for the reverse stock split effectuated by the Company on December 9, 2022) upon the exercise of its warrants issued to investors in its underwritten offering that closed on October 18, 2022 (“ October 2022 Underwritten Offering ”) that may be equal to or exceed 20% of the Company’s common stock outstanding before the October 2022 Underwritten Offering (the “ Warrant Proposal ”). VOTES FOR VOTES AGAINST ABSTAIN BROKER NON-VOTES 1,955,994 1,791,220 68,568 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506492/000114036123000530/0001140361-23-000530-index.htm
- Shareholder Votes
  Nuwellis, Inc. shareholders approved To authorize one or more adjournments of the stockholder meeting to solicit additional proxies in the event there are insufficient votes to approve the Warrant Proposal at the 2023-01-04 meeting.
  - Outcome: passed
  - Meeting: 2023-01-04
  source text: Proposal 2 - To authorize one or more adjournments of the stockholder meeting to solicit additional proxies in the event there are insufficient votes to approve the Warrant Proposal. VOTES FOR VOTES AGAINST ABSTAIN BROKER NON-VOTES 1,971,645 1,746,660 97,477 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506492/000114036123000530/0001140361-23-000530-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.