HeartSciences (HSCS) Proxy filing summary

Executive summary

• Fortitude Mining Holdings and HeartSciences Inc. have entered into a definitive all-stock merger agreement, aiming to combine their operations and bring Fortitude to the public markets.

• The merger is expected to support Fortitude's strategy of expanding its Zcash-focused mining platform and infrastructure.

• Fortitude has amended its credit facility with Digital Currency Group (DCG), increasing the commitment from $26 million to $50 million, with future funding expected in ZEC (Zcash).

• The transaction is subject to shareholder approval and other customary closing conditions.

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

Voting matters and shareholder proposals

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

• Directors, executive officers, and certain DCG executives may be participants in the proxy solicitation.

Board of directors and corporate governance

• Information on the identity and interests of directors and executive officers involved in the transaction is disclosed in the proxy statement.