Exhibit 5.1
| LUCOSKY BROOKMAN LLP 101 Wood Avenue South 5th Floor Woodbridge, NJ 08830 T - (732) 395-4400 F- (732) 395-4401 |
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April 10, 2023 | |
| 111 Broadway Suite 807 New York, NY 10006 T - (212) 417-8160 F - (212) 417-8161 |
HeartBeam, Inc. 2118 Walsh Avenue, Suite 210 Santa Clara, CA 95050 | www. lucbro.com |
| RE: | HeartBeam, Inc.’s Registration Statement on Form S-1 |
Ladies and Gentlemen:
We have acted as counsel to you, HeartBeam, Inc., a Delaware corporation, (the “Company”) in connection with the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the “Commission”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”) on February 10, 2023 (File No.333-269717) (the “Initial Registration Statement”, as amended, the “Registration Statement”), with respect to the registration of up to 16,666,666 shares (the “Shares”) of the Company’s common stock, $0.0001 par value per share (the “Common Stock”) and placement agent warrants (the “Placement Agent Warrants”) to purchase Common Stock (the “Warrant Shares”).This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act.
In connection with this opinion, we have examined the originals or copies certified or otherwise identified to our satisfaction of the following: (a) Articles of Incorporation of the Company, as amended to date, (b) Bylaws of the Company, as amended to date, (c) the Registration Statement and all exhibits thereto; and such certificates, documents and records as we have deemed to appropriate in order to enable us to render the opinions set forth herein. In addition to the foregoing, we also have relied as to matters of fact upon the representations made by the Company and its representatives and we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity to original documents of all documents submitted to us certified or photostatic copies.
Based upon the foregoing, and in reliance thereon, we are of the opinion that:
| 1. | The Shares covered by the Registration Statement, when issued, delivered, and paid for as set forth in the Registration Statement, will be validly issued, fully paid, and non-assessable. |
| 2. | The Warrant Shares covered by the Registration Statement when issued, delivered, and paid for upon exercise of the Warrants as set forth in the Registration Statement, will be validly issued, fully paid, and non-assessable. |
| 3. | The Placement Agent Warrants covered by the Registration Statement when issued and delivered as set forth in the Registration Statement, will constitute the valid and legally binding obligations of the Company, enforceable against the Company in accordance with its terms. |
The opinion expressed herein is limited to the laws of the State of Delaware and the State of New York. This opinion letter is limited to the laws in effect as of the date the Registration Statement is declared effective by the Commission and is provided exclusively in connection with the public offering contemplated by the Registration Statement.
This opinion letter speaks only as of the date hereof and we assume no obligation to update or supplement this opinion letter if any applicable laws change after the date of this opinion letter or if we become aware after the date of this opinion letter of any facts, whether existing before or arising after the date hereof, that might change the opinions expressed above.
This opinion letter is furnished in connection with the filing of the Registration Statement and may not be relied upon for any other purpose without our prior written consent in each instance. Further, no portion of this letter may be quoted, circulated or referred to in any other document for any other purpose without our prior written consent.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference of this firm under the caption “Legal Matters” in the prospectus which is made part of the Registration Statement. In giving this consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.
| Very Truly Yours, |
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| /s/ Lucosky Brookman LLP |
| Lucosky Brookman LLP |