Nuwellis enters ATM offering to sell up to $4.65M of common stock

Nuwellis, Inc.

Entered At The Market Offering Agreement with Ladenburg Thalmann to sell common stock up to $4,650,000.
Sales agent commission of 3.0% of gross proceeds; Ladenburg also gets up to $50,000 expense reimbursement.
Offering is under existing S-3 shelf registration; no obligation to sell any shares.
Prospectus supplement filed September 3, 2025; shares sold at market prices.

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