Nuwellis Inc (NUWE)

[Roily23]

I guess this is what went on and the chart I was looking at reflects the R/S???

Proposal 1 - To approve an amendment to our Fourth Amended and Restated Certificate of Incorporation,as amended, to effect a reverse split of our outstanding common stock at a ratio in the range of 1-for-50 to1-for-100, to be determined at the discretion of our Board of Directors, whereby each outstanding 50 to100 common shares would be combined, converted and changed into 1 share of our common stock, to enable the Company to comply with the Nasdaq Stock Market’s continued listing requirements;

• Proposal 2 - To approve an amendment to the Company’s 2017 Equity Incentive Plan to provide that the Incentive Stock Option Limit set forth in Section 3(c) of the Company’s 2017 Equity Incentive Plan shall not be subject to adjustment pursuant to the applicable provisions of Section 9(a)(i) of the Company’s 2017 Equity Incentive Plan in connection with the reverse stock split effected by the Company on October 16, 2020 or the first reverse stock split effected by the Company following December 5, 2022; and

• Proposal 3 - To authorize one or more adjournments of the special meeting to solicit additional proxies in the event there are insufficient votes to approve Proposal 1 and Proposal 2 described above.

[db101]

A 100:1 split occurred… NUWE was under $1 not long ago

[Roily23]

What am I missing as the PPS has not been anywhere near $1.00. I came across this about 10 minutes ago so I may just be too new and can't see something thats obvious and right in front of. $9.94 +1.92 (+23.94%)

MINNEAPOLIS, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company, announced today it received an extension of 180 calendar days from the Nasdaq Stock Market LLC ("Nasdaq") to regain compliance with the Nasdaq’s minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the “Bid Price Requirement”), following the expiration of the initial 180 calendar days period to regain compliance on November 28, 2022.

As a result of the extension, the Company now has until May 29, 2023 to regain compliance with the Bid Price Requirement. If at any time before May 29, 2023, the bid price of the Company’s common shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification to the Company that it has achieved compliance with the Bid Price Requirement.

This current notification from Nasdaq has no immediate effect on the listing or trading of the Company’s shares, which will continue to trade on the Nasdaq Capital Market under the symbol “NUWE”.

[Babubd]

NUWE is the next COSM! Nuwellis, Inc. reported $21.9 million cash at the end of 3rd Quarter. The current number of shares outstanding is around 315,000 shares only. That’s $69.52 in CASH value per share..currently trading at $9. NUWE will take off any day now...JMHO!!

[db101]

…more than 3x undervalued

[db101]

…holding tight with stocks in hand …cause when the new year comes we can start our dance …shine NUWE shine …and end the end, when you flourish, you’ll be all mine

[dinogreeves]

I got in at 10.20 sold at stop loss at 10.00 no harm done at all. Lost on PXM*D after that reverse split.

[imanjen13]

You should have waited for your movement after a cup of morning coffee. Stock movement predictable after a reverse split. Sorry for your loss.

[db101]

The pre looks good… let’s see how the day ends

[db101]

The timing… it’s not ready. Perhaps the new year will shine more light…

[peeved]

Why is this trading so poorly?

What are revenue projections?

[dinogreeves]

High chance of good double and probably see low to mid 20's tomorrow. Volume will indicate what this is going to do. Waited till after hours to join the movement.

[db101]

…that’s revenue growth

[db101]

Analysts see NUWE having a 5x year to year growth from ‘22 to ‘23…

[HolesInMyPockitz]

Take that shorty! Haha!

[HolesInMyPockitz]

$12 million cash; $3m market cap. Shorty will eventually pay the high price. Loading on all dips.

[db101]

$NUWE is undervalued…

[BRoberts1982]

NUWE's bottom is much, much lower.
....... and will take a few weeks to get there.

NO PLAY HERE AT THESE HIGH LEVELS ,
DO NOT BE FOOLED...... AGAIN.

DEAD STOCK WALKING!!!!!

[Pt3]

Rs but when can I buy in

[gp22]

NUWE @ .12:..Monday R/S @ 100/1:. Will have 315K shares @ $12 and cash will be at $66 a share on Monday...Few know.. Potential for insane Reddit rip..Load up a few hundred K shares today @ .12 cents and open Monday holding a sick mover when Reddit finds out

[cash4]

Back to 12 and back to green, I bet someone feels really stupid right about now.

[INFINITI]

Creeping up slowly

[cash4]

200 k bid, now we're talking, someone is upset.

[cash4]

52 Week low is 10 cents, selling at this level is pretty dumb, this is bottomed out.

[dirtydozen911]

there is the ..SLEDGE-HAMMER i referred to yesterday.....so this will open at around $12 on monday morn , and the shorties will drive it down to half that in short order.

they`ll need a kick ass P R to hold any value.....i sold most of my new shares last week for a small profit , but am sitting on about 6k @ .60.........will need $60 / share to break even on those....hahahahahaha...the risks of the LITTLE BIO GAME.....GLA

[cash4]

Who the hell tried to short this early at the bell ?

[INFINITI]

Shorty better cover $$$$

[db101]

…most stocks in the medical device industry are up today

[Pt3]

Ok this machine gonna be all over USA

[INFINITI]

If they wanted to drop it it would’ve dropped already still green

[Pt3]

Ok

[INFINITI]

It’s early patience

[Pt3]

So yoou saying this will ready pop .16

[INFINITI]

Don’t get fooled

[Pt3]

Yea load now trapped.14

[INFINITI]

It wants to go load up $$$

[INFINITI]

Looki g good let’s goo$$$&

[dirtydozen911]

another snake in the grass....the min 1/50 rs puts us around $6......with no massive sales increase or major marketing campaign ...shorters will drive this back to $2 or worse.

i have some shares i own around 60 cents....i need $30.00 / share to break even on those......not happening !!...MY PROBLEM !! buying some at support a while back.... not here to cry.

like other small bio`s... none are to be trusted.....and are cash burning machines!

i like the new stunt ive seen this year .....have a small offering , which goes un-noticed....and clobber shareholders with another LARGE OFFER a week later.........this has become a stock for flipping.......G L T A


.

[cash4]

Looking great Premarket, up 11%. $NUWE

[INFINITI]

Agree $$$$

[INFINITI]

Looks good here I’m in

[Monksdream]

t

hey are likely to get the stock over 1+ since they were just extended

Nah...company loses lots of money

[1984ISHERE]

Nuwellis, Inc. Receives 180-Day Extension to Meet Nasdaq Minimum Bid Price Requirement
https://finance.yahoo.com/news/nuwellis-inc-receives-180-day-130000365.html

[1984ISHERE]

Covered not much downside left, News > Nuwellis, Inc. Receives 180-Day Extension to Meet Nasdaq Minimum Bid Price Requirement

they are likely to get the stock over 1+ since they were just extended

[mgland]

R/S for compliance
To approve an amendment to the Company’s Fourth Amended and Restated Certificate of Incorporation, as amended, to effect a reverse split of the Company’s outstanding common stock at a ratio in the range of 1-for-50 to 1-for-100, to be determined at the discretion of the Company’s board of directors, whereby each outstanding 50 to 100 common shares would be combined, converted and changed into 1 share of the Company’s common stock, to enable the Company to comply with the Nasdaq Stock Market’s continued listing requirements;

[HoldEm777]

All proposals approved

[HoldEm777]

Waiting…

[HoldEm777]

I have a call in to IR. Voicemail… ughh. Let’s hope for a timely response.

[HoldEm777]

https://ih.advfn.com/stock-market/NASDAQ/newellis-NUWE/stock-news/89412641/proxy-statement-notice-of-shareholders-meeting-p

[HoldEm777]

Thought it was today at 2pm central