Heartsciences Inc. Expands Equity Distribution Agreement to Sell Up to $25M in Common Stock

Reuters08-04

Heartsciences Inc. Expands <a href="https://laohu8.com/S/EQD">Equity Distribution</a> Agreement to Sell Up to $25M in Common Stock

Heartsciences Inc. has entered into an Equity Distribution Agreement with Maxim Group LLC, allowing the company to offer and sell up to $25,000,000 of its common stock. Under the agreement, Maxim Group will act as the sales agent. The company has not sold any shares under this agreement as of the latest report. The commission rates are set at 4.0% for sales up to $11,036,310 in gross proceeds and 3.0% for amounts exceeding that. The current market value of the company's outstanding shares held by non-affiliates is $14,737,609, based on 2,276,253 shares at a price of $5.73 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Heartsciences Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-070889), on August 04, 2025, and is solely responsible for the information contained therein.

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Expands <a href=\"https://laohu8.com/S/EQD\">Equity Distribution</a> Agreement to Sell Up to $25M in Common Stock\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Heartsciences Inc. has entered into an <a href=\"https://laohu8.com/S/EQD.U\">Equity Distribution</a> Agreement with Maxim Group LLC, allowing the company to offer and sell up to $25,000,000 of its common stock. Under the agreement, Maxim Group will act as the sales agent. The company has not sold any shares under this agreement as of the latest report. The commission rates are set at 4.0% for sales up to $11,036,310 in gross proceeds and 3.0% for amounts exceeding that. 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