HeartBeam regains Nasdaq compliance with $23.2M equity offering of 16.67M shares

HeartBeam, Inc.

Received Nasdaq deficiency notice for stockholders' equity below $2.5M on Mar 20, 2023.
Submitted compliance plan to Nasdaq on May 3, 2023.
Completed secondary offering of 16,666,666 shares at $1.50/share, net proceeds $23.2M.
Company believes it regained compliance with Nasdaq Listing Rule 5550(b)(1).
Nasdaq will monitor ongoing compliance; failure at next periodic report could lead to delisting.

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