Nuwellis shareholders approve reverse stock split and increase in authorized shares

Nuwellis, Inc.

Shareholders approved a reverse stock split of 1:5 to 1:70, with board discretion to implement within 12 months to regain Nasdaq listing compliance.
Authorized common shares increased from 100M to 200M via charter amendment approved by 42,325 for, 15,715 against.
Approved issuance of shares upon exercise of warrants from June 2025 financing (28,004 for, 6,626 against).
Adjournment authority also approved (41,884 for, 14,626 against) if needed to solicit more proxies.
Only 130,154 shares (45.23% of outstanding) were represented at the special meeting.

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