other material
confidence high
sentiment neutral
materiality 0.50
Nuwellis shareholders approve reverse stock split and warrant issuance at special meeting
Nuwellis, Inc.
- Proposal 1 (warrant issuance) passed: 477,084 for, 216,196 against, 250 abstain.
- Proposal 2 (reverse split 1:5 to 1:70) passed: 1,172,689 for, 310,588 against, 7,722 abstain.
- Proposal 3 (adjournments) passed: 1,235,430 for, 255,223 against, 344 abstain.
- Reverse split authorized to maintain Nasdaq listing; board may implement within 12 months.