NUWE Nuwellis, Inc.
Price Chart
Executive Summary
Nuwellis closed a registered public offering on June 8, 2026, raising approximately $6.0 million in gross proceeds by issuing 1,903,338 shares of common stock, pre-funded warrants for 18,096,662 shares, and Series C/D warrants for up to 80,000,000 additional shares at $0.30/strike. Post-exercise of pre-funded warrants, the company has 12,750,321 shares outstanding. The massive warrant overhang (up to 80M shares vs ~12.7M outstanding) creates intense future dilution risk and signals severe cash burn, outweighing the modest $6M capital raise.
Actionable Insight
The massive warrant overhang (80M shares) relative to the current float (~12.75M) and the modest $6M raise indicate severe cash needs ahead. Expect continued dilution as warrants are exercised, pressuring the stock. Monitor for any reverse stock split announcement and stockholder vote on warrant exercisability — both are conditions precedent for the warrants. Short-term price may be pinned near $0.30 (warrant strike) by arbitrageurs.
Key Facts
- Closed public offering with gross proceeds of approximately $6.0 million.
- Issued 1,903,338 shares of common stock at $0.30/share + warrants.
- Issued pre-funded warrants to purchase 18,096,662 shares at $0.0001.
- Issued Series C Warrants to purchase up to 60,000,000 shares at $0.30 exercise price.
- Issued Series D Warrants to purchase up to 20,000,000 shares at $0.30 exercise price.
- As of June 9, 2026, 12,750,321 shares of common stock issued and outstanding.
- Warrants exercisable for five years following stockholder approval and reverse stock split effectiveness.
- Series C warrants have a one-time reset to at least 20% of offering price or 90% of lowest VWAP post-split.
- Series D warrants include a zero-cash exercise option.
- Ladenburg Thalmann acted as sole book-running manager.
Financial Impact
$6.0 million gross proceeds with potential future dilution from warrants representing up to 80,000,000 additional shares at $0.30 strike, against ~12.75M current shares outstanding.
Risk Factors
- Extreme future dilution from up to 80M warrant shares vs ~12.75M current shares outstanding.
- Reverse stock split required for warrant exercisability — adds execution risk and typically signals distress.
- Existing cash burn rate likely high relative to $6M raise — further capital needs probable.
- Zero-cash exercise option on Series D warrants allows exercise without additional capital inflow to the company.
- Series C warrant reset clause could lower strike further post-reverse split, worsening dilution economics.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-024740 |
| Document: ef20075871_ex99-1.htm | 0001140361-26-024740 |
| Document: 0001140361-26-024740-index-headers.html | 0001140361-26-024740 |
| Document: 0001140361-26-024740-index.html | 0001140361-26-024740 |
| Document: 0001140361-26-024740.txt | 0001140361-26-024740 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 10, 2026
2d ago
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8-K
| $0.1440 awaiting T+1 | awaiting T+1 | — | $0.1400 (+2.78%) |
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Jun 10, 2026
3d ago
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Press Release
| $0.1440 awaiting T+1 | awaiting T+1 | — | $0.1400 (−2.78%) |
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Jun 9, 2026
4d ago
|
Press Release
| $0.1458 awaiting T+1 | awaiting T+1 | — | $0.1400 (+3.98%) |
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Jun 8, 2026
4d ago
|
424B4
| $0.1350 awaiting T+1 | awaiting T+1 | — | $0.1400 (−3.70%) |
|
Jun 5, 2026
8d ago
|
Press Release
| $0.3007 awaiting T+1 | awaiting T+1 | — | $0.1400 (+53.44%) |
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Jun 4, 2026
8d ago
|
S-1/A
| $0.4300 $0.1700 | ▲ +60.47% | ▲ +57.87% | $0.1400 (+67.44%) |
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May 29, 2026
14d ago
|
S-1/A
| $0.7000 $0.5900 | ▲ +15.71% | ▲ +15.86% | $0.1400 (+80.00%) |
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May 22, 2026
21d ago
|
S-1
| $0.9100 $0.7600 | ▲ +16.48% | ▲ +16.50% | $0.1400 (+84.62%) |
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May 12, 2026
4w ago
|
Press Release
| $1.03 $1.03 | · 0.00% | ▲ +0.58% | $0.1400 (+86.41%) |
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May 5, 2026
5w ago
|
Press Release
| $1.11 $1.09 | ▼ −1.80% | ▼ −3.19% | $0.1400 (−87.39%) |
US Market Status
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