---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-018655"
form_type: "8-K"
ticker: "BEAT"
cik: "0001779372"
company_name: "HeartBeam, Inc."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:22:46.835815+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# HeartBeam amends financing agreements, reducing available equity and note amounts to $4M each

## Summary
- Amended Securities Purchase Agreement with Maverick Capital reduces total common stock available from $5M to $4M.
- Amended Note Purchase Agreement reduces principal of convertible notes available from $5M to $4M at 6% interest.
- Issued 200,105 shares for $500,000 gross proceeds under the SPA on March 7, 2023.
- Issued $500,000 convertible note on March 1, 2023, which was fully repaid with interest on March 7, 2023.

## SEC filing metadata
- accession: 0001213900-23-018655
- form_type: 8-K
- ticker: BEAT
- cik: 0001779372
- company_name: HeartBeam, Inc.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779372/000121390023018655/0001213900-23-018655-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779372/000121390023018655/ea174893-8k_heartbeam.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-018655
- JSON: https://secwatch.observer/filing/0001213900-23-018655.json
- Plain text: https://secwatch.observer/filing/0001213900-23-018655.txt

## Key facts
- Material Agreements
  HeartBeam, Inc. amended First Amendment to Note Purchase Agreement with Maverick Capital Partners, LLC valued at reduce the principal amount of the Convertible Notes available for sale from $5,000,000 to $4,000,00 (effective 2023-03-07).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Maverick Capital Partners, LLC
  - Value: reduce the principal amount of the Convertible Notes available for sale from $5,000,000 to $4,000,00
  - Effective: 2023-03-07
  source text: On March 7, 2023, the parties to the NPA entered into a First Amendment to Note Purchase Agreement (the “NPA Amendment No. 1”, together with the SPA Amendment No. 1, the “Amendments”) pursuant to which the parties agreed to reduce the principal amount of the Convertible Notes available for sale from $5,000,000 to $4,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779372/000121390023018655/0001213900-23-018655-index.htm
- Material Agreements
  HeartBeam, Inc. entered into Securities Purchase Agreement with Maverick Capital Partners, LLC valued at up to $5,000,000 (effective 2023-02-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Maverick Capital Partners, LLC
  - Value: up to $5,000,000
  - Effective: 2023-02-28
  source text: On February 28, 2023, HeartBeam, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with Maverick Capital Partners, LLC (the “Investor”), pursuant to which the Company agreed to sell, up to $5,000,000 (the “Shares”) of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779372/000121390023018655/0001213900-23-018655-index.htm
- Material Agreements
  HeartBeam, Inc. amended Amendment to Securities Purchase Agreement with Maverick Capital Partners, LLC valued at reduce the total value of the Shares available for sale from $5,000,000 to $4,000,000 (effective 2023-03-07).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Maverick Capital Partners, LLC
  - Value: reduce the total value of the Shares available for sale from $5,000,000 to $4,000,000
  - Effective: 2023-03-07
  source text: On March 7, 2023, the parties to the SPA entered into an Amendment to Securities Purchase Agreement (the “SPA Amendment No. 1”) pursuant to which the parties agreed to reduce the total value of the Shares available for sale from $5,000,000 to $4,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779372/000121390023018655/0001213900-23-018655-index.htm
- Material Agreements
  HeartBeam, Inc. entered into note purchase agreement with Maverick Capital Partners, LLC valued at up to $5,000,000 principal amount (effective 2023-02-28).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Maverick Capital Partners, LLC
  - Value: up to $5,000,000 principal amount
  - Effective: 2023-02-28
  source text: On February 28, 2023, in connection with the SPA, the Company entered into a note purchase agreement (the “NPA”) with the Investor. Pursuant to the terms of the NPA, the Company agreed to sell, up to $5,000,000 principal amount of notes of the Company, bearing interest at 6% per annum (the “Convertible Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779372/000121390023018655/0001213900-23-018655-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.