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 transaction is subject to shareholder approval and other customary closing conditions, with communications urging investors to review all related SEC filings.

• Forward-looking statements highlight potential benefits and risks, including integration challenges and cryptocurrency market volatility.

Voting matters and shareholder proposals

• Shareholders of HeartSciences will be asked to vote on the proposed merger at a special meeting, with proxy materials to be mailed following SEC approval.

• Proxy solicitation participants include directors and executive officers of both companies and certain DCG executives.

Risk oversight and compliance

• Risks include the possibility of the transaction not closing, integration difficulties, and exposure to volatile cryptocurrency markets, especially Zcash.

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