HeartSciences launches $15M offering of Series D Preferred and warrants

HeartSciences Inc.

Placement Agent Agreement with Digital Offering LLC for best-efforts offering of up to 4,285,714 Units at $3.50 each.
Each Unit consists of one share of Series D Preferred Stock and a warrant to buy common at $5.00 per share.
Placement agent receives 7% cash fee and 3% warrant coverage (Agent Unit Warrants at $4.375).
Certificate of Designations for Series D Preferred Stock filed with Texas Secretary of State effective May 21, 2025.
Offering registered on Form 1-A, qualified by SEC on March 10, 2025.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

HeartSciences Inc.: Filed Certificate of Designations for Series D Convertible Preferred Stock, designating 4,285,714 shares as Series D Preferred Stock, effective May 21, 2025 (effective 2025-05-21).

Change: charter amendment
Effective: 2025-05-21

Exact text from the filing

On May 28, 2025, the Company was notified by the Secretary of State of the State of Texas (the “Texas Secretary of State”) that the Company’s Certificate of Designations of Preferences, Rights and Limitations of Series D Convertible Stock (the “Certificate of Designations”) was filed with the Texas Secretary of State, effective as of May 21, 2025, designating 4,285,714 shares of the Company’s preferred stock, $0.001 par value per share, as the Company’s Series D Convertible Preferred Stock, $0.001 par value per share (the “Series D Preferred Stock”).

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HeartSciences Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-081197

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