secwatch.observer — SEC 8-K summary
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Issuer:     HeartBeam, Inc. (BEAT)
CIK:        0001779372
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001779372-23-000004
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779372/000177937223000004/0001779372-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779372/000177937223000004/beat-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001779372-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer