{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-047034","form_type":"8-K","ticker":"HSCS","cik":"0001468492","company_name":"HeartSciences Inc.","filed_at":"2023-09-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.013421+00:00","generated_at":"2026-06-10T22:43:05.186074+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Heart Test Labs enters $1M unsecured drawdown loan from 5% holder; pays up to 1.5M warrants","bullets":["Loan up to $1M drawn in three installments ($250k+$250k+up to $500k); matures Dec 31, 2023.","No interest unless default (then 12%); facility fee is warrants to buy up to 1.5M shares.","Warrants: 500k at $1.00, 500k at $1.25, 500k at $1.50; issued upon drawdowns.","Lender Matthews Southwest Holdings is controlled by John H. Matthews, a >5% beneficial owner.","Warrants issued under Section 4(a)(2) and Rule 506 as unregistered securities."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-047034","json":"https://secwatch.observer/filing/0000950170-23-047034.json","markdown":"https://secwatch.observer/filing/0000950170-23-047034.md","text":"https://secwatch.observer/filing/0000950170-23-047034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1468492/000095017023047034/0000950170-23-047034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1468492/000095017023047034/hscs-20230907.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T22:43:05.186074+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"38eadb9197b1298a93b0e7f778bc0907a6f64f4b","claim":"HeartSciences Inc. incurred loan of up to $1,000,000 with Matthews Southwest Holdings, Inc. at no interest, except upon an event of default, at which time, interest accrues at maturing December 31, 2023.","evidence_excerpt":"Unsecured Promissory Drawdown Loan Note (the \"MSW Note\") with Matthews Southwest Holdings, Inc. (the \"Lender\"). The MSW Note provides for an unsecured drawdown loan of up to $1,000,000, drawn in installments consisting of (i) $250,000 on or prior to September 8, 2023, (ii) $250,000 on or prior to September 20, 2023, and (iii) further drawdowns of up to $500,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1468492/000095017023047034/0000950170-23-047034-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $1,000,000"},{"label":"Counterparty","value":"Matthews Southwest Holdings, Inc."},{"label":"Rate","value":"no interest, except upon an event of default, at which time, interest accrues at"},{"label":"Maturity","value":"December 31, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9f1c373e926064a01413bacef513480cbfc29a0c","claim":"HeartSciences Inc. entered into Senior Unsecured Promissory Drawdown Loan Note with Matthews Southwest Holdings, Inc. valued at up to $1,000,000 unsecured drawdown loan, issued in installments: $250,000 on or prior to September (effective 2023-09-07).","evidence_excerpt":"On September 7, 2023, Heart Test Laboratories, Inc. (the \"Company\") entered into a Senior Unsecured Promissory Drawdown Loan Note (the \"MSW Note\") with Matthews Southwest Holdings, Inc. (the \"Lender\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1468492/000095017023047034/0000950170-23-047034-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Matthews Southwest Holdings, Inc."},{"label":"Value","value":"up to $1,000,000 unsecured drawdown loan, issued in installments: $250,000 on or prior to September"},{"label":"Effective","value":"2023-09-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}