secwatch.observer — SEC 8-K summary
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Issuer:     HeartSciences Inc. (HSCS)
CIK:        0001468492
Form:       8-K
Filed at:   2023-09-21T23:59:59+00:00
Accession:  0000950170-23-049073
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HeartSciences signs definitive license agreements with Icahn Mount Sinai for AI ECG algorithms and data access
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- Entered into 11 license agreements for 13 algorithms, 2 data science methods, and 3 patent filings related to AI ECG analysis.
- Mount Sinai will receive 15% of HeartSciences' common stock upon closing of a $5M financing, plus warrants for 914,148 shares at $0.5060.
- Royalties: low-single digit percentages of annual net sales of licensed products; sublicense revenue share also required.
- Also signed MOU for de-identified data access, ongoing research, and evaluation of HeartSciences' MyoVista wavECG device.
- HeartSciences plans to develop a cloud-based, device-agnostic platform to deploy algorithms broadly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468492/000095017023049073/0000950170-23-049073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468492/000095017023049073/hscs-20230920.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-049073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer