other material
confidence high
sentiment neutral
materiality 0.60
Nuwellis (NUWE) to effect 1-for-35 reverse stock split on June 27, 2024
Nuwellis, Inc.
- Nuwellis (NUWE) approved 1-for-35 reverse stock split effective 5:00 pm ET June 27, 2024.
- Trading begins split-adjusted June 28 on Nasdaq under same symbol; new CUSIP 67113Y603.
- Authorized shares unchanged at 100M; outstanding shares reduced proportionally; fractional shares redeemed.
- Reverse split authorized by stockholders on June 6; Board set ratio on June 18.