debt
confidence high
sentiment neutral
materiality 0.35
Heart Test Labs extends $500k loan maturity to Sep 2025; accelerates interest payments
HeartSciences Inc.
- Principal $500,000 at 12% compounded annually; maturity extended from Sep 30, 2024 to Sep 30, 2025.
- Accrued interest must be paid within 5 business days of Aug 19, 2024 and again on Sep 30, 2024.
- Company may prepay any amount ≥$50,000, applied first to interest then principal.
- Company releases Front Range from all claims arising up to date of amendment.