Subscription Process. To purchase shares of Common Stock in this offering, Investors must complete and sign a subscription agreement. Investors will be required to pay for their shares of Common Stock by wire for the full purchase price of the shares, payable to “________ as Agent for HeartBeam, Inc. Escrow Account”. Subscriptions will be effective only upon the Company’s acceptance of the subscriptions, and the Company reserves the right to reject any subscriptions in whole or in part. Additionally, PV may reject a subscription that it believes compromises the integrity of the placement agent’s legal and contract obligations. In compliance with Rule 15c2-4 under the Exchange Act, the Company and PV will instruct Investors to deliver all monies in the form of personal check, bank draft, cashier’s check, ACH, or federal funds wire transfer to the escrow agent. Upon the escrow agent’s receipt of such monies, they shall be credited to the escrow account. Pursuant to an escrow agreement among the Company, PV, and Delaware Trust Company, as escrow agent, the funds received in payment for the shares of Common Stock purchased in this offering will be wired to a non-interest bearing escrow account at Delaware Trust Company and held until the escrow agent determines that the amount in the escrow account is equal to at least the minimum amount required to close this offering. Upon confirmation of receipt of the requested minimum subscription amount, the escrow agent will release the funds in accordance with the written instructions provided by the Company and PV, indicating the date on which the shares of common stock purchased in this offering are to be delivered to the investors and the date the net proceeds are to be delivered to the Company. Unless Investors instruct us otherwise, the Company will deliver the shares of Common Stock being issued to the Investors electronically through the Company’s transfer agent.
Appears in 1 contract
Subscription Process. To purchase shares of Common Stock in this offering, Investors investors must complete and sign a subscription agreement. Investors will be required to pay for their shares of Common Stock by wire for the full purchase price of the shares, payable to “________ XXXXXX Company as Agent for HeartBeam, Inc. Provention & MDB Capital Group Escrow Account”. Subscriptions will be effective only upon the Company’s acceptance of the subscriptions, and the Company reserves the right to reject any subscriptions in whole or in part. Additionally, PV may reject a subscription that it believes compromises the integrity of the placement agent’s legal and contract obligations. In compliance with Rule 15c2-4 under the Exchange Act, the Company and PV the Underwriters will instruct Investors investors to deliver all monies in the form of personal check, bank draft, cashier’s check, ACH, or federal funds wire transfer transfers to the escrow agent. Upon the escrow agent’s receipt of such monies, they shall be credited to the escrow account. Pursuant to an escrow agreement among the Company, PVMDB, and Delaware Trust XXXXXXXX Company, as escrow agent, the funds received in payment for the shares of Common Stock purchased in this offering will be wired to a non-interest bearing escrow account at Delaware Trust Company [J▇ ▇▇▇▇▇▇ C▇▇▇▇] and held until the escrow agent determines that the amount in the escrow account is equal to at least the minimum amount required to close this offering. Upon confirmation of receipt of the requested minimum subscription amount, the escrow agent will release the funds in accordance with the written instructions provided by the Company and PVMDB, indicating the date on which the shares of common stock purchased in this offering are to be delivered to the investors and the date the net proceeds are to be delivered to the Company. Unless Investors investors instruct us otherwise, the Company will deliver the shares of Common Stock being issued to the Investors electronically through the Company’s transfer agentinvestors electronically.
Appears in 1 contract