HeartBeam Engages Public Ventures for Stock Sales, Ends Prior Agreement

The latest announcement is out from HeartBeam (BEAT).

HeartBeam, Inc. has partnered with Public Ventures, LLC to potentially sell up to $17 million of its common stock through an “at the market offering.” While the company has outlined the use of net proceeds for general corporate purposes, there is no guarantee that any shares will be sold. Public Ventures will receive a 3% commission on sales and be reimbursed for certain expenses, also benefiting from indemnification rights. This new agreement follows the termination of a previous sales agreement with A.G.P./Alliance Global Partners.

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