<SEC-DOCUMENT>0001506492-24-000004.txt : 20241120
<SEC-HEADER>0001506492-24-000004.hdr.sgml : 20241120
<ACCEPTANCE-DATETIME>20241120132954
ACCESSION NUMBER:		0001506492-24-000004
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		<ITEMS>06b
FILED AS OF DATE:		20241120
DATE AS OF CHANGE:		20241120
EFFECTIVENESS DATE:		20241120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Nuwellis, Inc.
		CENTRAL INDEX KEY:			0001506492
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				680533453
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-529957
		FILM NUMBER:		241479649

	BUSINESS ADDRESS:	
		STREET 1:		12988 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344
		BUSINESS PHONE:		952-345-4200

	MAIL ADDRESS:	
		STREET 1:		12988 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHF Solutions, Inc.
		DATE OF NAME CHANGE:	20170523

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Sunshine Heart, Inc.
		DATE OF NAME CHANGE:	20101124
</SEC-HEADER>
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        <cik>0001506492</cik>
        <entityName>Nuwellis, Inc.</entityName>
        <issuerAddress>
            <street1>12988 VALLEY VIEW ROAD</street1>
            <city>EDEN PRAIRIE</city>
            <stateOrCountry>MN</stateOrCountry>
            <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
            <zipCode>55344</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>952-345-4200</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>CHF Solutions, Inc.</previousName>
            <previousName>Sunshine Heart, Inc.</previousName>
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            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>L.</middleName>
                <lastName>Erb</lastName>
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            <relatedPersonAddress>
                <street1>12988 Valley View Road</street1>
                <city>Eden Prairie</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55344</zipCode>
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            <relatedPersonRelationshipList>
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            <relationshipClarification></relationshipClarification>
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        <relatedPersonInfo>
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                <firstName>Nestor</firstName>
                <lastName>Jaramillo, Jr.</lastName>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
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            <relationshipClarification></relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Maria Rosa</firstName>
                <lastName>Costanzo, M.D.</lastName>
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                <city>Eden Prairie</city>
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                <firstName>Archelle</firstName>
                <lastName>Georgiou, M.D.</lastName>
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                <city>Eden Prairie</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55344</zipCode>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Neil</firstName>
                <middleName>P.</middleName>
                <lastName>Ayotte</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>12988 Valley View Road</street1>
                <city>Eden Prairie</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55344</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
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            <relationshipClarification></relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Dave</firstName>
                <middleName>Kendrick</middleName>
                <lastName>McDonald</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>12988 Valley View Road</street1>
                <city>Eden Prairie</city>
                <stateOrCountry>MN</stateOrCountry>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Rob</firstName>
                <lastName>Scott</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>12988 Valley View Road</street1>
                <city>Eden Prairie</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55344</zipCode>
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    <offeringData>
        <industryGroup>
            <industryGroupType>Other Health Care</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$5,000,001 - $25,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2024-11-06</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOptionToAcquireType>true</isOptionToAcquireType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Ladenburg Thalmann &amp; Co. Inc.</recipientName>
                <recipientCRDNumber>505</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>640 5th Avenue</street1>
                    <street2>4th Floor</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10019</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>3848286</totalOfferingAmount>
            <totalAmountSold>3848286</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse>In connection with a warrant inducement offering, warrants to purchase up to 3,720,010 shares of common stock were issued in a private placement. The offering amount excludes proceeds of up to $7,300,658 from the exercise of the warrants.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>9</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>382863</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>A fee equal to 8% of the gross proceeds received from the Inducement Offer will be paid to the placement agent, along with legal fees and expenses, and warrants to purchase up to 54,976 shares of common stock at an exercise price of $3.465.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Nuwellis, Inc.</issuerName>
                <signatureName>/s/ Rob Scott</signatureName>
                <nameOfSigner>Rob Scott</nameOfSigner>
                <signatureTitle>Chief Financial Officer</signatureTitle>
                <signatureDate>2024-11-20</signatureDate>
            </signature>
        </signatureBlock>
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