HeartSciences (HSCS) Proxy filing summary

Executive summary

• HeartSciences and Fortitude Mining Holdings have entered into a definitive all-stock merger agreement, combining AI-powered medical technology with digital asset mining focused on Zcash.

• The merger aims to create a vertically integrated platform, leveraging Fortitude's digital asset mining and HeartSciences' technology.

• Communications regarding the merger include forward-looking statements about business integration, market opportunities, and potential risks.

Voting matters and shareholder proposals

• HeartSciences shareholders will vote on the proposed merger at a special meeting, with proxy materials to be mailed following SEC filing of the definitive proxy statement.

• Approval of HeartSciences shareholders is a key condition for closing the transaction.

Risk oversight and compliance

• Risks include potential failure to complete the merger, integration challenges, and volatility in cryptocurrency markets, especially Zcash.

• Legal, regulatory, and technical uncertainties regarding digital assets are highlighted as significant risk factors.

• Forward-looking statements are subject to numerous uncertainties, and no obligation is made to update them except as required by law.