Certain Common Stock of Nuwellis, Inc. are subject to a Lock-Up Agreement Ending on 16-JAN-2024. These Common Stock will be under lockup for 91 days starting from 17-OCT-2023 to 16-JAN-2024.

Details:
The company has agreed with the placement agents not to, subject to certain exceptions, (i) offer, pledge, issue, sell, contract to sell, lend or otherwise transfer or dispose of, directly or indirectly, any shares of company's common stock or any securities convertible into or exercisable or exchangeable for its common stock; (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of shares of its common stock; or (iii) file any registration statement with the SEC relating to this offering of any shares of its common stock or any securities convertible into or exercisable or exchangeable for shares of its common stock, other than with respect to the registration of shares of its common stock to be issued under an equity incentive plan, without the prior written consent of the placement agents for a period of 90 days following the date of the prospectus.