M&A/Shareholder vote/2026/HeartSciences Inc.

HeartSciences Inc. HSCS

Fortitude Mining Holdings, Inc. is buying HeartSciences Inc. (HSCS), paying holders in stock. Fortitude Mining Holdings, Inc. is backed by Digital Currency Group, Inc.. HeartSciences develops medical devices for early detection of heart disease through electrocardiography-based technology.

Holders get
Stock
not a standard cash/stock acquisition - Fortitude Seller contributes assets and cash for Class V Common Stock and Class A Common Stock based on Exchange Ratio of 19.00 (or 21.22 if Closing HeartSciences Common Stock VWAP is equal to or greater than $7.50)
Deal value
Not given
Expected close
Not given
Status
Pending
Checked
See the filing →

Filed

The deal

Fortitude Mining Holdings, Inc. is acquiring HeartSciences Inc., a developer of medical devices for early detection of heart disease through electrocardiography-based technology. HeartSciences shareholders will receive Class V Common Stock and Class A Common Stock based on an exchange ratio of 19.00, or 21.22 if the closing HeartSciences Common Stock VWAP equals or exceeds $7.50.

The deal requires shareholder approval of the Combination Proposal, the Nasdaq Proposal, and the Charter Adoption Proposals, plus satisfaction or waiver of conditions in the Merger Agreement. The vote is scheduled for November 19, 2026.

What has happened

Agreement signed · See the filing
Terms changed · See the filing
Holders sent the terms and a meeting date

What must happen first

shareholder approval of the Combination Proposal
shareholder approval of the Nasdaq Proposal
shareholder approval of the Charter Adoption Proposals
satisfaction or waiver of conditions in the Merger Agreement

The board says

THE BOARD OF DIRECTORS OF HEARTSCIENCES UNANIMOUSLY RECOMMENDS THAT ITS SHAREHOLDERS VOTE "FOR" THE PROPOSALS DESCRIBED IN THE ACCOMPANYING PROXY STATEMENT.