Corporate ActionMay 7, 2026, 08:44 AM
SeaStar Medical Amends S-1 for 2M Share Resale; 1-for-10 Reverse Split
AI Summary
SeaStar Medical Holding Corporation filed an Amendment No. 1 to its Form S-1 registration statement to register up to 2,000,000 shares of common stock for resale by Lincoln Park Capital Fund, LLC. The company has a purchase agreement with Lincoln Park to sell up to $15.0 million of its common stock, with approximately $14.66 million remaining available. Additionally, the company effected a 1-for-10 reverse stock split on January 5, 2026, and a class action lawsuit against it was dismissed with prejudice on April 27, 2026.
Key Highlights
- SeaStar Medical filed an S-1/A to register up to 2,000,000 shares of common stock for resale.
- The company may receive up to $14,657,887.43 from sales to Lincoln Park Capital Fund, LLC.
- A 1-for-10 reverse stock split was effected on January 5, 2026.
- As of April 20, 2026, 3,997,002 shares of common stock were outstanding.
- A class action lawsuit against the company and its officers was dismissed with prejudice on April 27, 2026.
- SeaStar Medical is classified as a "smaller reporting company" and an "emerging growth company".