Nuwellis, Inc. Terminates Material Definitive Agreement
Ticker: NUWE · Form: 8-K · Filed: Jul 3, 2024 · CIK: 1506492
| Field | Detail |
|---|---|
| Company | Nuwellis, Inc. (NUWE) |
| Form Type | 8-K |
| Filed Date | Jul 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, material-event
Related Tickers: NUWE
TL;DR
Nuwellis just terminated a major deal, filing 8-K today.
AI Summary
Nuwellis, Inc. filed an 8-K on July 3, 2024, to report the termination of a material definitive agreement. The filing does not specify the agreement or the counterparty involved, but it indicates a significant event occurred on July 1, 2024.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement suggests a significant disruption or change in business relationships, which carries inherent risk.
Key Players & Entities
- Nuwellis, Inc. (company) — Registrant
- July 1, 2024 (date) — Date of earliest event reported
- July 3, 2024 (date) — Date of report
- 12988 Valley View Road (address) — Principal Executive Offices
- Eden Prairie (location) — City of Principal Executive Offices
- MN (location) — State of Principal Executive Offices
- 55344 (zip_code) — Zip Code of Principal Executive Offices
- 952-345-4200 (phone_number) — Registrant's Telephone Number
FAQ
What specific material definitive agreement was terminated by Nuwellis, Inc.?
The filing does not specify the name or details of the material definitive agreement that was terminated.
Who was the counterparty to the terminated material definitive agreement?
The filing does not disclose the identity of the other party involved in the terminated agreement.
What is the effective date of the termination of the material definitive agreement?
The earliest event reported, which is the termination of the material definitive agreement, occurred on July 1, 2024.
What is Nuwellis, Inc.'s principal executive office address?
Nuwellis, Inc.'s principal executive office is located at 12988 Valley View Road, Eden Prairie, MN 55344.
Has Nuwellis, Inc. previously operated under a different name?
Yes, Nuwellis, Inc. was formerly known as CHF Solutions, Inc. (name change effective May 23, 2017) and prior to that, Sunshine Heart, Inc. (name change effective November 24, 2010).
Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-07-03 16:30:45
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share NUWE Nasdaq Capital Marke
Filing Documents
- ny20031859x2_8k.htm (8-K) — 26KB
- 0001140361-24-032403.txt ( ) — 157KB
- nuwe-20240701.xsd (EX-101.SCH) — 4KB
- nuwe-20240701_lab.xml (EX-101.LAB) — 21KB
- nuwe-20240701_pre.xml (EX-101.PRE) — 16KB
- ny20031859x2_8k_htm.xml (XML) — 4KB
02
Item 1.02. Termination of a Material Definitive Agreement. On July 1, 2024, Nuwellis, Inc. (the " Company ") delivered notice to Ladenburg Thalmann & Co. Inc. (the " Manager ") to terminate its At The Market Offering Agreement, dated March 3, 2023 (the " ATM Agreement "). Termination of the ATM Agreement is effective July 9, 2024, pursuant to Section 8(a) of the ATM Agreement. Pursuant to the terms of the ATM Agreement, the Company could issue and sell, from time to time through or to the Manager, shares of its common stock as set forth in the ATM Agreement, subject to the limitations of Instruction I.B.6 of Form S-3. As a result of the termination of the ATM Agreement, the Company will not issue or sell any additional shares of common stock under the ATM Agreement. The foregoing description of the ATM Agreement is not complete and is qualified in its entirety by reference to the full text of the ATM Agreement, a copy of which was filed as Exhibit 1.1 to the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 3, 2023 and incorporated here by reference.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 3, 2024 NUWELLIS, INC. By: /s/ Nestor Jaramillo, Jr Name: Nestor Jaramillo, Jr. Title: President and Chief Executive Officer