Nuwellis, Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

May 22, 2023

https://www.globenewswire.com/news-release/2023/05/22/2673837/26106/en/Nuwellis-Inc-Reports-Inducement-Grants-Under-Nasdaq-Listing-Rule-5635-c-4.html

MINNEAPOLIS, May 22, 2023 (GLOBE NEWSWIRE) — Nuwellis, Inc. (Nasdaq:NUWE) today announced that, effective May 19, 2023, the Company’s independent directors approved equity awards under Nuwellis’ 2021 Inducement Plan, as material inducements to five individuals entering into employment with the Company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder-approved equity plan.

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