HeartSciences sells 411,522 shares to Fortitude in USD 1 million private placement at USD 2.43 each - HSCS News | RalliesHeartSciences sells 411,522 shares to Fortitude in USD 1 million private placement at USD 2.43 each
H
HSCS• Private placement terms
- HeartSciences priced a private placement of 411,522 common shares to Fortitude Mining Holdings for about USD 1 million.
- Shares were sold at USD 2.43 each, a 22% premium to the closing price on the purchase date.
- The merger exchange ratio with Fortitude remains unchanged; no additional shares to Fortitude equity holders are tied to the investment.
- Fortitude’s stake rises to about 9.4% of outstanding common stock; proceeds add working capital ahead of the expected merger close.
TRGP
•
