 EDEN PRAIRIE, Minn., July 01, 2021 GLOBE NEWSWIRE -- Nuwellis, Inc. NASDAQ: NUWE, today announced that, effective June 30, 2021, the Compensation Committee of the Board of Directors approved an equity award to George Montague under Nuwellis 2021 Inducement Plan, as a material inducement to Mr. Montague entering into employment with the company as its Chief Financial Officer and Treasurer. The equity award was approved in accordance with NASDAQ Listing Rule 5635c4, which also requires a public announcement of equity awards that are not made under a stockholder approved equity plan. 