Nuwellis, Inc. (NUWE) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Nuwellis, Inc. faces the risk of Nasdaq delisting due to non-compliance with the Minimum Bid Price Rule after its common stock traded below $1.00 for 30 consecutive days. The company has until June 4, 2024, to meet the requirement, with a possible extension period if certain conditions are met. Failure to regain compliance could lead to delisting, potentially affecting liquidity, increasing volatility, and impairing capital raising abilities. Nuwellis, Inc. is exploring options to address the deficiency and is mindful of the implications of a reverse stock split due to recent Nasdaq rule changes.
Overall, Wall Street has a Moderate Buy consensus rating on NUWE stock based on 2 Buys.
To learn more about Nuwellis, Inc.’s risk factors, click here.
