BioMedNewsBreaks — HeartBeam Inc. (NASDAQ: BEAT) Underwriter Exercises Option, Increasing Gross Proceeds to $11.5M

HeartBeam (NASDAQ: BEAT), a medical technology company focused on advancing cardiac care, announced that the underwriter of its recent public offering exercised its option to purchase an additional 864,033 shares at $1.70 per share. This move increases the total gross proceeds from the offering to approximately $11.5 million, before deductions. The exercise of the over-allotment option closed Feb. 25, 2025, following the initial 5,882,353 share offering that closed Feb. 14, 2025. The funds will support HeartBeam’s strategic growth initiatives, including U.S. commercialization efforts, R&D, and regulatory projects. MDB Capital served as the underwriter, with Paulson Investment Company LLC acting as a selected dealer.

To view the full press release, visit https://ibn.fm/wGAgy

About HeartBeam Inc.

HeartBeam is a medical technology company dedicated to transforming cardiac care by providing powerful cardiac insights wherever the patient is. The company is creating the first-ever cable-free 12-lead ECG capable of capturing the heart’s electrical signals from three dimensions. This platform technology is designed to be used in portable devices that can be used wherever the patient is to deliver actionable heart intelligence. Physicians will be able to identify cardiac health trends and acute conditions and direct patients to the appropriate care — all outside of a medical facility, thus redefining the future of cardiac health management. The company holds 13 U.S. and 4 international-issued patents related to technology enablement. For more information, visit www.HeartBeam.com.

NOTE TO INVESTORS: The latest news and updates relating to BEAT are available in the company’s newsroom at https://ibn.fm/BEAT

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