Item 3.03 Material Modification to Rights of Security Holders.
To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this report is incorporated herein by reference.
Item 5.03 Amendment to Articles of Incorporation or Bylaws, Change in Fiscal
Year.
On
On
When the Reverse Stock Split becomes effective, every one hundred shares of the Company's issued and outstanding common stock (and such shares held in treasury) will automatically be converted into one share of common stock, without any change in the par value per share. In addition, a proportionate adjustment will be made to the per share exercise price and the number of shares issuable upon the conversion of the Company's outstanding shares of preferred stock and exercise of all outstanding stock options, restricted stock units and warrants to purchase shares of common stock and the number of shares reserved for issuance pursuant to the Company's equity incentive compensation plans. Any fraction of a share of common stock that would be created as a result of the Reverse Stock Split will be rounded down to the next whole share and the stockholder will receive cash equal to the market value of the factional share, determined by multiplying such fraction by the closing sales price of the Company's common stock as reported on Nasdaq on the last trading day before the Reverse Stock Split becomes effective.
The Company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "NUWE." The new CUSIP number for common stock following the Reverse Stock Split will be 67113Y 405.
For more information about the Reverse Stock Split, see the Company's Definitive
Proxy Statement on Schedule 14A, which was filed with the
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description 3.1 Certificate of Amendment to Fourth Amended and Restated Certificate of Incorporation, as amended, ofNuwellis, Inc.
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