secwatch.observer — SEC 8-K summary
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Issuer:     Nuwellis, Inc. (NUWE)
CIK:        0001506492
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001140361-24-045441
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506492/000114036124045441/0001140361-24-045441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506492/000114036124045441/ef20038165_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045441

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