Nuwellis Announces 1-for-35 Reverse Stock Split to Maintain Nasdaq Listing
NUWE is trading near its 52-week low of $0.122 (2.5% above the low).
Summary
Nuwellis will implement a 1-for-35 reverse stock split to boost its share price and maintain its Nasdaq listing, following a period of financial distress and significant dilution.
Key Events · Corporate Governance and Compliance · NUWE
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1-for-35 Reverse Stock Split Approved
The Board of Directors approved a 1-for-35 reverse stock split, converting every 35 shares into one new share.
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Effective Date Set
The reverse stock split will become effective on June 25, 2026, with split-adjusted trading commencing at market open on June 26, 2026.
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Nasdaq Listing Compliance
This action is a critical step to increase the company's share price to meet Nasdaq's minimum bid price requirement, preventing potential delisting.
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Fractional Shares and Derivative Adjustments
Fractional shares will be rounded down and paid in cash. All outstanding preferred stock, options, restricted stock units, and warrants will be proportionately adjusted.
Analysis · NUWE · Industrial Applications And Services
Nuwellis has finalized a 1-for-35 reverse stock split, effective June 25, 2026, with split-adjusted trading beginning June 26, 2026. This action is critical for the company to increase its share price above Nasdaq's minimum bid requirement, especially given its current stock price of $0.125 and its history of 'going concern' warnings and recent highly dilutive offerings. Failure to execute this split could lead to delisting, which would severely impact liquidity and investor confidence.
At the time of this filing, NUWE was trading at $0.13 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.6M. The 52-week trading range was $0.12 to $25.95. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.