HeartSciences (HSCS) Proxy filing summary

Executive summary

• Definitive all-stock merger agreement would combine Fortitude Mining Holdings, a Zcash-anchored digital-asset mining platform, with an AI-powered medical technology issuer.

• Fortitude normally sells or monetizes mined digital assets, including ZEC; proceeds fund operations and capital investments, hedge exposures, and realize investment gains.

• Reposted material described Grayscale’s $1 million Zcash ecosystem commitment, including four $100,000 grants; reinvestment of 100% of ZCSH sponsor fees was described as voluntary and terminable.

Voting matters and shareholder proposals

• The special-meeting vote on the proposed transaction requires shareholder approval as a closing condition; definitive proxy materials were filed October 19, 2026 and mailed to eligible shareholders.

Risk oversight and compliance

• Closing may be delayed or fail, including if shareholder approval or other closing conditions are unmet; integration and management of a newly public entity also present risks.

• Risks include volatile Zcash and cryptocurrency prices, adverse market or macroeconomic conditions, and significant legal, commercial, regulatory, and technical uncertainty around digital assets.