HeartBeam to Raise $10M via Public Offering of 12.5M Shares at $0.80

HeartBeam, Inc. has entered into an underwriting agreement for a public offering of 12,500,000 shares of its common stock. The shares are priced at $0.80 each, aiming to generate gross proceeds of $10 million for the company. The underwriter also holds a 30-day option to purchase up to an additional 1,875,000 shares to cover over-allotments. This capital raise is intended to support the company's operations and growth, though it will result in dilution for existing shareholders.