On June 9, 2025, Nuwellis Inc. entered into a Securities Exchange Agreement with John L. Erb, the company's CEO and board member. The agreement involved exchanging 100 shares of the newly designated Series F-1 Convertible Preferred Stock for 100 shares of the company's outstanding Existing Series F Stock. Following the transaction, Mr. Erb owns 100% of the Series F-1 Stock. The document does not mention the price of the shares.
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