HeartSciences Files Preliminary Proxy Statement for Business Combination with Fortitude Mining Holdings; Provides Business Update and Reports Fiscal 2026 Financial Results
HeartSciences announced it has filed a preliminary proxy statement for a business combination with Fortitude Mining Holdings, pivoting from healthcare IT to crypto mining anchored in Zcash. The transaction involves issuing 107.6 million shares of new Class V Common Stock to Digital Currency Group, with a pro forma combined equity of $70 million.
Key figures
- Revenue
- 0
- Guidance
- Fortitude estimates run-rate adjusted EBITDA over $50 million at Zcash prices > $500, once new machines are delivered
- Deal Value Usd
- 70000000
- Shares issued to dcg
- 107600000
- Owned power portfolio mw
- over 60
- Reverse split ratio range
- 1-for-2 to 1-for-5
- Zec production percentage
- 28%
- Zecs mined 6mo ended june 30 2026
- 72696
- Zcash direct cash mining cost target
- $40 per coin
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.