secwatch.observer — SEC 8-K summary
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Issuer:     HeartSciences Inc. (HSCS)
CIK:        0001468492
Form:       8-K
Filed at:   2026-01-16T23:59:59+00:00
Accession:  0001213900-26-005245
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HeartSciences issues $3.6M 12% promissory note to Streeterville Capital, netting $3M
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- Company entered Note Purchase Agreement with Streeterville Capital for $3,605,000 promissory note, netting $3,000,000 after $600,000 OID and $5,000 expenses.
- Note bears 12% annual interest and matures 18 months from January 13, 2026.
- Streeterville may require monthly redemptions up to $405,000 starting six months after issuance; balance increases 5% if not reduced by $1.25M within 12 months.
- Note contains customary covenants and events of default; upon default, interest accrues at up to 18% per annum.
- Issued in unregistered private placement under Section 4(a)(2) of Securities Act, relying on accredited investor exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468492/000121390026005245/0001213900-26-005245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468492/000121390026005245/ea0272955-8k_heartsci.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-005245

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