SeaStar Medical Holding Corp 8-K

What Happened

• SeaStar Medical Holding Corp (filed 8-K on April 28, 2026) announced that a putative class action, Wells v. SeaStar Medical Holding Corporation et al., Case No. 1:24-cv-0187 (D. Colo.), was dismissed with prejudice by the U.S. District Court for the District of Colorado on April 27, 2026.
• The suit was originally filed July 5, 2024 by plaintiff Forrest A K Wells and alleged material misstatements or omissions related to SeaStar’s business and operations, tied to a restatement disclosed in a Form 8-K filed March 27, 2024. The complaint asserted claims under Section 10(b), Rule 10b-5 and Section 20(a) of the Securities Exchange Act and sought compensatory damages. The parties filed a Stipulation and [Proposed] Order of Dismissal with Prejudice on April 21, 2026.

Key Details

• Plaintiff: Forrest A K Wells; case caption Wells v. SeaStar Medical Holding Corporation et al., Case No. 1:24-cv-0187 (D. Colo.).
• Allegations: securities claims under Section 10(b), Rule 10b-5 and Section 20(a) related to a March 27, 2024 restatement.
• Procedural timeline: complaint filed July 5, 2024; stipulation to dismiss filed April 21, 2026; court ordered dismissal with prejudice April 27, 2026.
• Filing: Item 8.01 Other Events disclosed in SeaStar’s Form 8-K filed April 28, 2026.

Why It Matters

• A dismissal with prejudice means the particular class-action claims cannot be refiled, removing this specific litigation overhang for SeaStar.
• The filing does not report any settlement amount or court finding on the underlying restatement; the company’s previously disclosed restatement remains part of its public record.
• For investors, this reduces one legal uncertainty tied to the March 2024 restatement, but does not alter the company’s financial disclosures or the existence of the restatement itself.