# EDGAR Filing Document

**Accession Number:** 0001506492
**File Stem:** 0000921895-25-001747
**Filing Date:** 2025-6
**Character Count:** 27023
**Document Hash:** a056d92913af8ddced3f7004921d7da0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-001747.hdr.sgml**: 20250612

**ACCESSION NUMBER**: 0000921895-25-001747

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250612

**DATE AS OF CHANGE**: 20250612

**SUBJECT COMPANY**: 

**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
- **EIN:** 680533453
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86733
- **FILM NUMBER:** 251043091

**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
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BIGGER CAPITAL FUND L P
- **CENTRAL INDEX KEY:** 0001288478

**ORGANIZATION NAME:**
- **EIN:** 900131165
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 159 JENNINGS RD
- **CITY:** COLD SPRING HARBOR
- **STATE:** NY
- **ZIP:** 11724
- **BUSINESS PHONE:** 631-987-0235

**MAIL ADDRESS:**
- **STREET 1:** 159 JENNINGS RD
- **CITY:** COLD SPRING HARBOR
- **STATE:** NY
- **ZIP:** 11724

## Exhibit 99.1

Exhibit 99.1

**<u>Joint Filing Agreement</u>**

The undersigned hereby agree that the Statement on Schedule 13G dated June 12, 2025 with respect to the shares of Common Stock of Nuwellis, Inc. and any further amendments thereto executed by each and any of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.

---

| | |
|:---|:---|
| BIGGER CAPITAL FUND L P | BIGGER CAPITAL FUND L P |
| By: | /s/ Michael Bigger |
|  | Michael Bigger, Managing Member of Bigger Capital Fund GP, LLC, its general partner |
| Date: | 06/12/2025 |

---

---

| | |
|:---|:---|
| Bigger Capital Fund GP, LLC | Bigger Capital Fund GP, LLC |
| By: | /s/ Michael Bigger |
|  | Michael Bigger, Managing Member |
| Date: | 06/12/2025 |

---

---

| | |
|:---|:---|
| District 2 Capital Fund LP | District 2 Capital Fund LP |
| By: | /s/ Michael Bigger |
|  | Michael Bigger, Managing Member of District 2 GP LLC, its general partner |
| Date: | 06/12/2025 |

---

---

| | |
|:---|:---|
| District 2 Capital LP | District 2 Capital LP |
| By: | /s/ Michael Bigger |
|  | Michael Bigger, Managing Member |
| Date: | 06/12/2025 |

---

---

| | |
|:---|:---|
| District 2 GP LLC | District 2 GP LLC |
| By: | /s/ Michael Bigger |
|  | Michael Bigger, Managing Member |
| Date: | 06/12/2025 |

---

---

| | |
|:---|:---|
| District 2 Holdings LLC | District 2 Holdings LLC |
| By: | /s/ Michael Bigger |
|  | Michael Bigger, Managing Member |
| Date: | 06/12/2025 |

---

---

| | |
|:---|:---|
| Bigger Michael | Bigger Michael |
| By: | /s/ Michael Bigger |
|  | Michael Bigger |
| Date: | 06/12/2025 |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Nuwellis, Inc.

**Title of Class of Securities:** Common Stock, par value $0.0001 per share

**CUSIP Number:** 67113Y603

**Date of Event Which Requires Filing of this Statement:** 06/09/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>BIGGER CAPITAL FUND L P | Names of Reporting Persons<br>BIGGER CAPITAL FUND L P |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>239000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>239000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.99% | Percent of Class Represented by Amount in Row (9)<br>4.99% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Bigger Capital Fund GP, LLC | Names of Reporting Persons<br>Bigger Capital Fund GP, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>239000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>239000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.99% | Percent of Class Represented by Amount in Row (9)<br>4.99% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

| 1. | Names of Reporting Persons<br>District 2 Capital Fund LP | Names of Reporting Persons<br>District 2 Capital Fund LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>239000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>239000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.99% | Percent of Class Represented by Amount in Row (9)<br>4.99% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>District 2 Capital LP | Names of Reporting Persons<br>District 2 Capital LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>239000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>239000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.99% | Percent of Class Represented by Amount in Row (9)<br>4.99% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>District 2 GP LLC | Names of Reporting Persons<br>District 2 GP LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>239000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>239000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.99% | Percent of Class Represented by Amount in Row (9)<br>4.99% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

| 1. | Names of Reporting Persons<br>District 2 Holdings LLC | Names of Reporting Persons<br>District 2 Holdings LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>239000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>239000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>239000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.99% | Percent of Class Represented by Amount in Row (9)<br>4.99% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

| 1. | Names of Reporting Persons<br>Bigger Michael | Names of Reporting Persons<br>Bigger Michael |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>478000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>478000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>478000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>478000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.99% | Percent of Class Represented by Amount in Row (9)<br>9.99% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

---

**Item 1(a). Name of Issuer:**
Nuwellis, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
12988 Valley View Road, Eden Prairie, MN 55344

**Item 2(a). Name of Person Filing:**
Bigger Capital Fund, LP ("Bigger Capital")

Bigger Capital Fund GP, LLC ("Bigger GP")

District 2 Capital Fund LP ("District 2 CF")

District 2 Capital LP ("District 2")

District 2 GP LLC ("District 2 GP")

District 2 Holdings LLC ("District 2 Holdings")

Michael Bigger

Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."

**Item 2(b). Address of Principal Business Office:**
Bigger Capital Fund, LP
11700 West Charleston Blvd., #170-659
Las Vegas, NV, 89135

Bigger Capital Fund GP, LLC
11700 West Charleston Blvd., #170-659
Las Vegas, NV, 89135

District 2 Capital Fund LP
175 W. Carver Street
Huntington, NY 11743

District 2 Capital LP
175 W. Carver Street
Huntington, NY 11743

District 2 GP LLC
175 W. Carver Street
Huntington, NY 11743

District 2 Holdings LLC
175 W. Carver Street
Huntington, NY 11743

Michael Bigger
11700 West Charleston Blvd., #170-659
Las Vegas, NV, 89135

**Item 2(c). Citizenship:**
Bigger Capital Fund, LP
Delaware

Bigger Capital Fund GP, LLC
Delaware

District 2 Capital Fund LP
Delaware

District 2 Capital LP
Delaware

District 2 GP LLC
Delaware

District 2 Holdings LLC
Delaware

Michael Bigger
USA

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**Item 2(e). CUSIP Number:**
67113Y603

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

As of June 9, 2025, Bigger Capital beneficially owned 239,000 shares of Common Stock. In addition, Bigger Capital beneficially owned 1,983,221 shares of Common Stock issuable upon exercise of Pre-Funded Warrants, which were subject to a 9.99% beneficial ownership limitation.
The amount does not include shares issuable upon the exercise of Series A Warrants and Series B Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation.
Bigger GP, as the general partner of Bigger Capital, may be deemed to beneficially own the Issuer's securities described herein.
Mr. Bigger, as the managing member of Bigger GP may be deemed to beneficially own the Issuer's securities described herein.
As of June 9, 2025, District 2 CF beneficially owned 239,000 shares of Common Stock. In addition, District 2 CF beneficially owned 872,111 shares of Common Stock issuable upon exercise of Pre-Funded Warrants, which were subject to a 9.99% beneficial ownership limitation.
The amount does not include shares issuable upon the exercise of Series A Warrants and Series B Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation.
District 2, as the investment manager of District 2 CF, may be deemed to beneficially own the Issuer's securities described herein beneficially owned by District 2 CF.
District 2 GP, as the general partner of District 2 CF, may be deemed to beneficially own the Issuer's securities described herein beneficially owned by District 2 CF.
District 2 Holdings, as the managing member of District 2 GP, may be deemed to beneficially own the Issuer's securities described herein beneficially owned by District 2 CF.
Mr. Bigger, as the managing member of Bigger GP and the managing member of District 2 Holdings, may be deemed to beneficially own the: (i) 239,000 shares of Common Stock beneficially owned by Bigger Capital, (ii) 1,983,221 shares of Common Stock issuable upon exercise of Pre-Funded Warrants, which were subject to a 9.99% beneficial ownership limitation owned by Bigger Capital, (iii) shares issuable upon exercise of Series A Warrants and Series B Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by Bigger Capital, (iv) 239,000 shares of Common Stock, beneficially owned by District 2 CF, (v) 872,111 shares of Common Stock issuable upon exercise of Pre-Funded Warrants, which were subject to a 9.99% beneficial ownership limitation owned by District 2 CF, and (vi) shares issuable upon exercise of Series A Warrants and Series B Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by District 2 CF.
The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person. Each of Bigger GP and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by Bigger Capital. Each of District 2, District 2 GP, District 2 Holdings and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by District 2 CF. The filing of this statement shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities.
Prior to market open on June 11, 2025, the Reporting Persons sold the Common Stock, including the shares of Common Stock issuable upon exercise of Pre-Funded Warrants. The Series A Warrants and Series B Warrants are not exercisable as of the date hereof and are subject to a 4.99% beneficial ownership limitation.

**(b) Percent of class:**

The following percentages are based on 4,780,723 shares of Common Stock outstanding immediately after the offering based upon the Issuer's Prospectus filed under Rule 424(b)(4) with the Securities and Exchange Commission on June 10, 2025.
As of June 9, 2025, each of Bigger Capital and Bigger GP may be deemed to beneficially own approximately 4.99% of the outstanding shares of Common Stock. Prior to market open on June 11, 2025, each of Bigger Capital and Bigger GP had no beneficial ownership due to: (i) the sale of 239,000 shares of Common Stock, (ii) the sale of 1,983,221 shares of Common Stock issuable upon exercise of Pre-Funded Warrants, which were subject to a 9.99% beneficial ownership limitation, and (iii) the requirement in the Series A Warrants and Series B Warrants that the exercise of such securities is subject to shareholder approval and a 4.99% beneficial ownership limitation.
As of June 9, 2025, each of District 2 CF, District 2, District 2 GP and District Holdings may be deemed to beneficially own approximately 4.99% of the outstanding shares of Common Stock. Prior to market open on June 11, 2025, each of District 2 CF, District 2, District 2 GP and District Holdings had no beneficial ownership due to: (i) the sale of 239,000 shares of Common Stock, (ii) the sale of 872,111 shares of Common Stock issuable upon exercise of Pre-Funded Warrants, which were subject to a 9.99% beneficial ownership limitation, and (iii) the requirement in the Series A Warrants and Series B Warrants that the exercise of such securities is subject to shareholder approval and a 4.99% beneficial ownership limitation.
As of June 9, 2025, Mr. Bigger may be deemed to beneficially own approximately 9.99% of the outstanding shares of Common Stock. Prior to market open on June 11, 2025, Mr. Bigger had no beneficial ownership due to: (i) the sale of 478,000 shares of Common Stock, (ii) the sale of 2,855,332 shares of Common Stock issuable upon exercise of Pre-Funded Warrants, which were subject to a 9.99% beneficial ownership limitation, and (iii) the requirement in the Series A Warrants and Series B Warrants that the exercise of such securities is subject to shareholder approval and a 4.99% beneficial ownership limitation.
Regarding Item 5 below, prior to market open on June 11, 2025, the Reporting Persons sold all of their Common Stock and accordingly, the Reporting Persons as of June 11, 2025, are not the beneficial owners of at least 5.00% of the Issuer's Common Stock as the exercise of the Series A Warrants and Series B Warrants are subject to shareholder approval and a 4.99% beneficial ownership limitation.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See Cover Pages Items 5-9.

**(ii) Shared power to vote or to direct the vote:**

See Cover Pages Items 5-9.

**(iii) Sole power to dispose or to direct the disposition of:**

See Cover Pages Items 5-9.

**(iv) Shared power to dispose or to direct the disposition of:**

See Cover Pages Items 5-9.

**Item 5. Ownership of Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

See Exhibit 99.1.

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**BIGGER CAPITAL FUND L P**

**Date:** 06/12/2025

**By:** /s/ Michael Bigger

**Name & Title:** Michael Bigger, Managing Member of Bigger Capital Fund GP, LLC, its general partner

**Bigger Capital Fund GP, LLC**

**Date:** 06/12/2025

**By:** /s/ Michael Bigger

**Name & Title:** Michael Bigger, Managing Member

**District 2 Capital Fund LP**

**Date:** 06/12/2025

**By:** /s/ Michael Bigger

**Name & Title:** Michael Bigger, Managing Member of District 2 GP LLC, its general partner

**District 2 Capital LP**

**Date:** 06/12/2025

**By:** /s/ Michael Bigger

**Name & Title:** Michael Bigger, Managing Member

**District 2 GP LLC**

**Date:** 06/12/2025

**By:** /s/ Michael Bigger

**Name & Title:** Michael Bigger, Managing Member

**District 2 Holdings LLC**

**Date:** 06/12/2025

**By:** /s/ Michael Bigger

**Name & Title:** Michael Bigger, Managing Member

**Bigger Michael**

**Date:** 06/12/2025

**By:** /s/ Michael Bigger

**Name & Title:** Michael Bigger