Sunshine Heart Announces Company Name Change to CHF Solutions, Inc. and New NASDAQ Ticker Symbol to Reflect New Commercial Fo...
May 23 2017 - 7:00AM
EDEN PRAIRIE, Minn., May 23, 2017
(GLOBE NEWSWIRE) -- Sunshine Heart, Inc. (NASDAQ:SSH), an
early-stage medical device company focused on the commercialization
of the Aquadex FlexFlow® System, today announced that on May 23,
2017, it is changing the name of the company to CHF Solutions,
Inc.
"We are pleased to align our corporate name and
identity with our new commercial focus," said John Erb, Chairman of
the Board and CEO of CHF Solutions. "CHF Solutions has great brand
recognition in the marketplace and more appropriately reflects our
business direction."
In conjunction with the name change, the company's
ticker symbol listed on the NASDAQ will change from SSH to CHFS,
which is expected to be effective May 24,2017, and the CUSIP
numbers for its common stock, Series E Convertible Preferred Stock
and the warrants issued in the Company's underwritten public
offering that closed on April 24, 2017 will change to 12542Q 102,
12542Q 201 and 12542Q 128, respectively. The company's official
website will be changed to www.chf-solutions.com, effective
immediately.
About CHF
Solutions
CHF Solutions, Inc. (Nasdaq:CHFS) is an early-stage medical
device company focused on commercializing the Aquadex FlexFlow®
System. The company's commercial product, the Aquadex system, is
indicated for temporary (up to eight hours) ultrafiltration
treatment of patients with fluid overload who have failed diuretic
therapy, and extended (longer than 8 hours) ultrafiltration
treatment of patients with fluid overload who have failed diuretic
therapy and require hospitalization. The company's objective is to
improve the quality of life for patients with heart failure and
related conditions. CHF Solutions is
a Delaware corporation headquartered
in Minneapolis with wholly owned subsidiaries
in Australia and Ireland. The company has been
listed on the NASDAQ Capital Market since February 2012.
Forward-Looking
Statements
Certain statements in this release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding the company's ticker symbol
and events or developments that we expect or anticipate will occur
in the future. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this release, including, without
limitation, those risk associated with our ability to execute on
our recently announced strategic realignment, the possibility that
we may be unable to raise sufficient funds necessary for our
anticipated operations, our post-market clinical data collection
activities, benefits of our products to patients, our expectations
with respect to product development and commercialization efforts,
our ability to increase market and physician acceptance of our
products, potentially competitive product offerings, intellectual
property protection, our ability to integrate acquired businesses,
our expectations regarding anticipated synergies with and benefits
from acquired businesses, and other risks and uncertainties
described in our filings with the SEC. Forward-looking statements
speak only as of the date when made. CHF Solutions does not assume
any obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
For further information, please contact:
Claudia Napal Drayton
Chief Financial Officer
CHF Solutions, Inc.
T: +1-952-345-4205
Investor Relations
CHF Solutions, Inc.
ir@chf-solutions.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Sunshine Heart, Inc. via Globenewswire
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