other_material
confidence high
sentiment neutral
materiality 0.50
HeartSciences files Certificate of Designations for Series D Preferred Stock in $15M offering
HeartSciences Inc.
- Designates 4,285,714 shares of Series D Convertible Preferred Stock for the Unit offering (each Unit: one Series D share + warrant to buy common at $5.00).
- Each Series D share convertible into one common share at holder's option.
- No dividends; perpetual, non-redeemable, ranks senior to common on liquidation rights.
- Company may force conversion upon change in control, common stock ≥$5.00 for 10 days, or $15M underwritten offering.
- Liquidation preference of $3.50 per share plus unpaid dividends before junior securities.
item 5.03item 9.01