other_material
confidence high
sentiment neutral
materiality 0.60
HeartSciences raises $5.4M in Reg A offering, exchanges $1.8M debt for shares
HeartSciences Inc.
- Received $5.4M gross proceeds from Reg A offering of units at $3.50; 1,556,409 units issued as of Sep 5, 2025.
- Holders of 1,054,549 Series D Preferred shares converted to common stock as part of the offering.
- Exchanged $1.805M unsecured promissory note for 506,348 common shares, reducing debt principal.
- Total common shares outstanding: 2,654,540 as of Sep 5, 2025.
- Each unit consists of one Series D Preferred share and a warrant to buy one common share at $5.00.
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