11:00 AM EST, 12/19/2024 (MT Newswires) -- Nuwellis ( NUWE ) said Thursday it received formal written notice from Nasdaq that it has regained compliance with the exchange's minimum bid price and stockholders' equity requirements.

The company said it has improved its balance sheet through measures such as raising new equity and lowering outstanding liabilities. It now exceeds Nasdaq's stockholders' equity requirement of at least $2.5 million.

Nuwellis ( NUWE ) shares were down 6% in recent trading.

Price: 0.94, Change: -0.06, Percent Change: -6.00