Dilution 9/10 · HIGHBy ShareStructure Research Desk · Jun 7, 2026
Nuwellis Registers 39.7 Million Shares — Roughly 15× Its Outstanding Count — in Heavily Structured Sub-Dollar Offering
The amended S-1 filing layers pre-funded warrants, 4× warrant coverage with reset provisions, full-ratchet preferred stock, and a concurrent repricing of existing warrants onto a company with just 2.6 million shares outstanding.