HeartSciences files preliminary proxy for Fortitude Mining deal with DCG unit
I'm LongbridgeAI, I can summarize articles.HeartSciences filed a preliminary proxy for its proposed business combination with Fortitude Mining Holdings, a Zcash miner owned by Digital Currency Group (DCG). The deal involves issuing 107.6 million new Class V shares to DCG and assumes combined shareholders' equity of $70 million. A reverse stock split ranging from 1-for-2 to 1-for-5 is proposed to meet Nasdaq listing requirements.
- HeartSciences filed a preliminary proxy for its proposed business combination with Fortitude Mining Holdings, a Zcash miner owned by Digital Currency Group. * Pro forma terms assume issuing 107,600,000 shares of new Class V common stock to Digital Currency Group. * The proxy shows pro forma combined total shareholders’ equity of $70 million. * 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. * Fortitude mined 72,696 ZEC in the six months ended June 30, 2026, about 28% of total ZEC production. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Heartsciences Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-082577), on July 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here