Nuwellis raises $5.1M via warrant inducement; issues new warrants for 3.7M shares

Nuwellis, Inc.

Total gross proceeds of $5.1M, including $3.8M from immediate exercise of 1.8M existing warrants at $2.10 and $1.3M from recent exercises at original terms.
Issued Series I and II warrants to purchase up to 3.7M shares at $1.94, exercisable starting 6 months from issuance, with 5-year and 2-year terms respectively.
Pro forma shares outstanding ~4.1M after exercise, up from 2.2M prior; company to file resale registration statement within 15 days.
Ladenburg Thalmann served as exclusive inducement agent, receiving 8% cash fee and Placement Agent Warrants for 55K shares at $3.465.
New warrants are unregistered and private, with anti-dilution and variable transaction restrictions until February 26, 2025.

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