other material
confidence high
sentiment neutral
materiality 0.55
SeaStar Medical settles Nuwellis dispute over pediatric SCD distribution; pays $900K
SeaStar Medical Holding Corp
- Settlement resolves breach-of-contract dispute with former distributor Nuwellis.
- Company to pay $900,000 in three installments by December 31, 2024.
- Original exclusive distribution agreement for pediatric SCD product terminated in August 2024 after notice of breach.
- Settlement terms are confidential except for payment details disclosed in the 8-K.