Corporate ActionApr 28, 2026, 04:48 PM
ICU Files S-1 for Resale of 1.66M Shares; Potential $14.6M from Lincoln Park
AI Summary
SeaStar Medical Holding Corp (ICU) filed an S-1 registration statement for the resale of up to 1,664,543 shares of common stock by Lincoln Park Capital Fund, LLC. The company may receive up to an additional $14,657,887.43 from future sales to Lincoln Park under a purchase agreement. The filing also notes a 1-for-10 reverse stock split effected on January 5, 2026, and the dismissal with prejudice of a class action lawsuit on April 27, 2026.
Key Highlights
- S-1 filed for resale of up to 1,664,543 common shares by Lincoln Park Capital Fund, LLC.
- Company may receive up to an additional $14,657,887.43 from future sales to Lincoln Park.
- Previously received $342,112.57 from sales of 138,184 shares to Lincoln Park.
- Effected a 1-for-10 reverse stock split on January 5, 2026.
- Class action lawsuit dismissed with prejudice on April 27, 2026.
- Outstanding common stock as of April 20, 2026, was 3,997,002 shares.
- Future sales to Lincoln Park could result in substantial dilution to existing stockholders.