HeartSciences files preliminary proxy for Fortitude Mining deal with DCG unit
HSCS•Fortitude mining output disclosed
Fortitude mined 72,696 ZEC in the six months ended June 30, 2026, about 28% of total ZEC production.
Reverse split proposed to support Nasdaq listing
A reverse stock split is proposed within a 1-for-2 to 1-for-5 range, tied to Nasdaq listing requirements for the combined company.
Preliminary proxy filed for proposed business combination
HeartSciences filed a preliminary proxy for its proposed business combination with Fortitude Mining Holdings, a Zcash miner owned by Digital Currency Group.
The proxy shows pro forma terms that assume issuing 107,600,000 shares of new Class V common stock to Digital Currency Group. It also shows pro forma combined total shareholders’ equity of $70 million.
