Nuwellis receives Nasdaq delisting notice for bid price below $1.00; plans reverse split and hearing

Nuwellis, Inc.

Received Nasdaq Deficiency Notice on June 18, 2025 for failure to meet $1.00 minimum bid price requirement.
Not eligible for standard compliance period due to prior reverse stock splits totaling at least 250:1 over two years.
Intends to request a hearing and effect a reverse stock split (approved 1:5 to 1:70 at May 20, 2025 meeting) to regain compliance.
No assurance of continued listing; securities remain listed pending final hearing conclusion.

item 3.01

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