---
schema_version: "secwatch.filing_event.v1"
accession: "0001779372-23-000004"
form_type: "8-K"
ticker: "BEAT"
cik: "0001779372"
company_name: "HeartBeam, Inc."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:20:42.128021+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HeartBeam enters up to $10M equity and convertible note facility with Maverick Capital

## Summary
- Up to $5M common stock at 75% of VWAP; initial $500K drawdown on 6% convertible note issued March 1, 2023.
- Convertible notes bear 6% interest, convertible at 75% of VWAP; shares registered on Form S-3.
- Proceeds used for general corporate purposes and working capital; equity blocker limits beneficial ownership to 4.99%.
- Drawdowns up to $500K each, with 5-trading-day pricing periods; facility expires May 31, 2023.

## SEC filing metadata
- accession: 0001779372-23-000004
- form_type: 8-K
- ticker: BEAT
- cik: 0001779372
- company_name: HeartBeam, Inc.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779372/000177937223000004/0001779372-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779372/000177937223000004/beat-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779372-23-000004
- JSON: https://secwatch.observer/filing/0001779372-23-000004.json
- Plain text: https://secwatch.observer/filing/0001779372-23-000004.txt

## Key facts
- Material Agreements
  HeartBeam, Inc. entered into SPA 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 the terms of the SPA, the Company agreed to sell, up to $5,000,000 (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) at 75% of the average calculated Volume Weighted Average Price (“VWAP”) per share during a Drawdown Pricing Period (as defined in the SPA).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779372/000177937223000004/0001779372-23-000004-index.htm
- Material Agreements
  HeartBeam, Inc. entered into NPA with Maverick Capital Partners, LLC valued at up to $5,000,000 (effective 2023-02-28).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Maverick Capital Partners, LLC
  - Value: up to $5,000,000
  - Effective: 2023-02-28
  source text: Additionally, in connection with the SPA, on February 28, 2023, 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/1779372/000177937223000004/0001779372-23-000004-index.htm

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