HeartSciences Closes Non-Dilutive Financing to Increase its Cash Runaway Ahead of Upcoming FDA Submission
Heart Test Laboratories, Inc. (HSCS)
Company Research
Source: GlobeNewswire
Southlake, TX, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Heart Test Laboratories, Inc. d/b/a HeartSciences (NASDAQ: HSCS; HSCSW) (“HeartSciences” or the “Company”), an artificial intelligence (AI)-powered medical technology company focused on transforming ECGs/EKGs to save lives through earlier detection of heart disease, today announced the close of a non-dilutive financing, with $1.9 million in net proceeds. The unsecured loan note has an 18-month maturity date and follows the recent 12-month extension of a $500,000 loan note to September 2025. Andrew Simpson, CEO of HeartSciences, said, “We have extended our capital runway by $2.4 million since late August ahead of our upcoming FDA submissions. This has been achieved with non-dilutive capital and provides significant opportunity for HeartSciences to hit a number of valuable commercial milestones.” About HeartSciences Heart Test Laboratories, Inc. d/b/a HeartSciences is a medical technology company focused on applying inno
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News
- Heart Test Laboratories, Inc. (NASDAQ: HSCS) had its "buy" rating re-affirmed by analysts at Ascendiant Capital Markets. They now have a $15.00 price target on the stock.MarketBeat
- HeartSciences Provides Business Update and Reports First Quarter Fiscal 2025 Financial ResultsGlobeNewswire
- HeartSciences Provides Business Update and Reports Fiscal 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- HeartSciences Provides Business Update and Reports Fiscal 2024 Financial ResultsGlobeNewswire
- Innovation Value Institute Analysis Demonstrates HeartSciences' MyoVista® wavECG™ Potential to Improve Cardiovascular Pathway Efficiency [Yahoo! Finance]Yahoo! Finance
HSCS
Sec Filings
- 9/27/24 - Form S-1/A
- 9/26/24 - Form DEFA14A
- 9/18/24 - Form DEF
- HSCS's page on the SEC website