HeartSciences (HSCS) Proxy filing summary

Executive summary

• HeartSciences and Fortitude Mining Holdings have entered into a definitive all-stock merger agreement, aiming to combine an AI-powered medical technology company with a vertically integrated digital asset mining platform anchored in Zcash.

• The merger is intended to bring Fortitude to the public markets, leveraging its owned power portfolio and vertically integrated mining operations.

• Fortitude recently energized a new 12 MW facility in Nebraska, expanding its total contracted power to over 60 MW across multiple states, supporting its growth and cost reduction strategy.

• Forward-looking statements highlight expectations for cost savings, operational flexibility, and continued expansion, while cautioning about risks related to transaction completion, integration, and market volatility.

Voting matters and shareholder proposals

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

• Directors, executive officers, and certain stakeholders may be deemed participants in the proxy solicitation for the transaction.

Board of directors and corporate governance

• Information about the identity and interests of directors and executive officers involved in the transaction is disclosed in the proxy statement and related SEC filings.