On May 20, 2025, Nuwellis, Inc. held its annual meeting where stockholders elected two directors, approved a 1-for-5 to 1-for-70 reverse stock split to meet Nasdaq requirements, ratified Baker Tilly US, LLP as auditors, and allowed for adjournments if needed. A total of approximately 2.18 million shares were represented at the meeting, about 50% of outstanding shares.