Nuwellis, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“November 29, 2022 the Company received a letter from Nasdaq advising that the Company had been granted a 180-day extension to May 29, 2023, to regain compliance with the Minimum Bid Price Requirement, in accordance with Nasdaq Listing Rule 5810(c)(3)(A). The Company will continue to monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available options, including but not limited to, implementing a reverse stock split of its outstanding securities, to regain compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance”
Earnings Releases
Nuwellis, Inc. reported the three and nine months ended September 30, 2022 results: revenue $2.1 million, net income $3.9 million, EPS $0.37 per basic and diluted common share.
“the lives of people with fluid overload, today reported financial results for the third quarter ended September 30, 2022. Q3 Results and Recent Highlights: • Revenue of $2.1 million in the third quarter 2022, an 11% increase over the same year ago period • Gross margin of 61% was consistent with the same period last year • Activated three additional sites”
Lynn Blake was appointed as Chief Financial Officer at Nuwellis, Inc..
“Effective October 24, 2022, Lynn Blake will be appointed as Chief Financial Officer of Nuwellis, Inc.”
Rob Scott was appointed as interim Principal Accounting Officer at Nuwellis, Inc..
“On September 22, 2022, the Board appointed Rob Scott as the Company’s interim Principal Accounting Officer, beginning on the Separation Date.”
Nestor Jaramillo, Jr. was appointed as interim Chief Financial Officer at Nuwellis, Inc..
“On September 22, 2022, the Board of Directors of the Company (the “ Board ”) appointed Nestor Jaramillo, Jr., the Company's President and Chief Executive Officer, beginning on the Separation Date, as the interim Chief Financial Officer and the interim Principal Financial Officer.”
George Montague resigned as Chief Financial Officer at Nuwellis, Inc..
“On September 19, 2022, George Montague notified Nuwellis, Inc., a Delaware corporation (the “ Company ”) of his decision to resign as the Chief Financial Officer of the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.