secwatch.observer — SEC 8-K summary
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Issuer:     HeartSciences Inc. (HSCS)
CIK:        0001468492
Form:       8-K
Filed at:   2025-05-28T23:59:59+00:00
Accession:  0000950170-25-078404
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HeartSciences files Certificate of Designations for Series D Preferred Stock in $15M offering
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468492/000095017025078404/0000950170-25-078404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468492/000095017025078404/hscs-20250521.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-078404

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