HeartSciences (HSCS) Proxy filing summary

Executive summary

• Announced proposed business combination between HeartSciences and Fortitude Mining Holdings, with the combined entity to be named Fortitude Mining Group, Inc., expected to close in Q4 2026 pending shareholder approval.

• Jaime Leverton appointed as CEO of Fortitude, effective September 21, 2026, and expected to lead the combined company post-merger.

• Andrea Childs transitions from CEO to Chief Operating Officer of Fortitude, focusing on mining operations and infrastructure.

• Fortitude operates a vertically integrated Zcash-focused mining platform, reporting $20.9 million in Q2 2026 revenue and mining 72,696 ZEC in the first half of 2026.

• Fortitude executed agreements for 9,000 new mining units, with delivery expected in Q4 2026, expanding its power portfolio across seven sites.

Voting matters and shareholder proposals

• HeartSciences filed a preliminary proxy statement with the SEC on July 27, 2026, regarding the proposed merger, with a definitive proxy statement and proxy card to be mailed to shareholders for a special meeting.

• Shareholder approval is a condition for closing the proposed transaction.

Board of directors and corporate governance

• Jaime Leverton to join the Board of Directors of both Fortitude and, post-merger, the combined company.

• Andrea Childs resigns from Fortitude’s Board, effective immediately, as part of the leadership transition.