The ATM facility gives HeartBeam an open channel to sell stock into the market, which will likely pressure the stock price as the market prices in potential future dilution. Traders should monitor for any sales announcements under the ATM and watch for upcoming quarterly cash burn updates.
Price Chart
Executive Summary
HeartBeam, Inc. filed an 8-K announcing entry into an at-the-market (ATM) equity offering sales agreement with Titan Partners Securities LLC, enabling the sale of up to $25,000,000 of common stock. This follows a 424B5 filed on the same day formalizing the ATM program. The company is pre-revenue with no product sales, and the ATM represents a potentially dilutive capital raise to fund operations.
Key Facts
- HeartBeam entered into an ATM sales agreement with Titan Partners Securities LLC on August 14, 2026, for the sale of up to $25,000,000 of common stock.
- The ATM offers stock at prevailing market prices through the Nasdaq Capital Market, with Titan Partners receiving a 3% commission.
- As of June 30, 2026, HeartBeam had 56,349,171 shares outstanding; at the last reported price of $0.5898, the ATM could dilute shares by up to approximately 75%.
- The company is pre-revenue and had no product sales in the first half of 2026.
Financial Impact
Up to $25,000,000 in gross proceeds, with up to 75% potential dilution of current shares outstanding at $0.5898 per share.
Risk Factors
- Significant dilution to existing shareholders if the ATM is fully utilized.
- Pre-revenue status with no product sales increases reliance on equity financing for operational cash needs.
- History of volatile stock performance and negative alpha for preceding analyses suggests elevated downside risk.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (BEAT) — Batch item 1 | 0001213900-26-090241 |
| Document: ea0302135-8k_heartbeam.htm | 0001213900-26-090239 |
| Document: ea030213501ex5-1.htm | 0001213900-26-090241 |
| Document: 0001213900-26-090241-index-headers.html | 0001213900-26-090241 |
| Document: 0001213900-26-090241-index.html | 0001213900-26-090241 |
| Document: 0001213900-26-090241.txt | 0001213900-26-090241 |
| 424B5 Filing (BEAT) — Batch item 7 | 0001213900-26-090239 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 10w ago | 8-K / 424B5 | $0.5000 $0.4250 | ▲ +15.00% | ▲ +13.02% | $0.4090 (+18.20%) |
Aug 14, 2026 10w ago | 424B5 | $0.5000 $0.4250 | ▲ +15.00% | ▲ +13.02% | $0.4090 (+18.20%) |
Jun 22, 2026 18w ago | 8-K | $0.6863 $0.5684 | ▼ −17.18% | ▼ −18.34% | $0.4090 (−40.41%) |
Apr 16, 2026 27w ago | Insider Cluster | $0.8100 $1.01 | ▲ +24.69% | ▲ +18.88% | $0.4090 (−49.51%) |
Apr 16, 2026 27w ago | Insider Cluster | $0.8100 $1.01 | ▲ +24.69% | ▲ +18.88% | $0.4090 (−49.51%) |
Mar 18, 2026 31w ago | EFFECT | $1.26 $0.8100 | ▼ −35.71% | ▼ −41.76% | $0.4090 (−67.54%) |
Mar 13, 2026 32w ago | S-3/A | $1.27 $1.20 | ▲ +5.51% | ▲ +9.29% | $0.4090 (+67.80%) |
US Market Status
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