Nuwellis, Inc. has announced a one-for-nine reverse stock split of its issued and outstanding common stock, as disclosed in a Form 8-K filed with the Securities and Exchange Commission on October 22, 2026.
The Board of Directors approved the split on October 13, 2026, and the company subsequently filed a Certificate of Amendment to its Fourth Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware on October 22, 2026.
The reverse split is scheduled to become effective at 5:00 p.m. Eastern Time on October 26, 2026. As a result, every nine shares of common stock held by stockholders will automatically convert into one share of common stock. The par value per share will remain unchanged.
Trading on the Nasdaq Capital Market under the ticker symbol "NUWE" will resume on a split-adjusted basis when the market opens on October 27, 2026.
The company stated that a proportionate adjustment will be made to the per share exercise price and the number of shares issuable upon the conversion of outstanding preferred stock, as well as the exercise of stock options, restricted stock units, and warrants. Additionally, the number of shares reserved for issuance under equity incentive compensation plans will be adjusted accordingly.
Any fractional shares resulting from the split will be rounded down to the nearest whole share, and stockholders will receive cash in lieu of such fractions, calculated based on the closing sales price of the common stock on the last trading day prior to the split.
The new CUSIP number for the common stock following the split is 67113Y884. Equiniti Trust Company, LLC will serve as the exchange agent for the transaction.
