Nuwellis appoints two directors; E.F. Hutton files breach-of-contract lawsuit

Nuwellis, Inc.

Board expanded from 5 to 7; appointed Martin Emerson (Monteris Medical CEO) and David McDonald (Lake Street Vice Chairman) as Class I directors.
Emerson and McDonald are independent, qualify as audit committee financial experts, and will serve on key committees.
On Feb 11, 2026, E.F. Hutton sued Nuwellis for breach of engagement letter as exclusive placement agent for registered offerings, seeking compensatory and punitive damages.
Company intends to vigorously defend; at this preliminary stage, no estimate of possible loss or range can be made.

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