Heart Test Laboratories Said Offering On Best Efforts Basis Up To 8 M Shares
Portfolio Pulse from Charles Gross
Heart Test Laboratories is offering up to 8 million shares on a best efforts basis, according to an SEC filing.
June 07, 2023 | 9:26 pm
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NEUTRAL IMPACT
Heart Test Laboratories is offering up to 8 million shares, which may impact HSCS's stock price.
Heart Test Laboratories is offering up to 8 million shares on a best efforts basis. This news may impact HSCS's stock price as it is directly related to the company's equity actions. However, the short-term impact is uncertain as the offering is on a best efforts basis, meaning the company is not guaranteeing the sale of all 8 million shares.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100