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

Issuer:     Nuwellis, Inc. (NUWE)
CIK:        0001506492
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001140361-23-048531
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuwellis closes public offering raising $2.25M through Series J Preferred and Warrants
--------------------------------------------------------------------------------

- Gross proceeds of $2.25M from sale of 150,000 Units at $15 each in a best-efforts offering.
- Each Unit: one share of Series J Convertible Preferred (liquidation preference $25) and one warrant to buy 0.5 share of preferred.
- Preferred stock convertible into common at $1.01/share; carries 5% PIK dividend paid quarterly.
- Warrants exercisable at $7.50 per 0.5 share of preferred, expiring three years from issuance.
- Proceeds to be used for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506492/000114036123048531/0001140361-23-048531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506492/000114036123048531/ny20012552x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-048531

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