HeartSciences (HSCS) Proxy filing summary

Executive summary

• HeartSciences and Fortitude Mining Holdings have entered into a definitive all-stock merger agreement, aiming to combine their operations and take Fortitude public through the transaction.

• Fortitude recently brought a 12-megawatt mining facility in Grand Island, Nebraska online, expanding its owned power portfolio to over 60 MW across seven sites.

• The Nebraska facility is expected to reduce Zcash mining costs from $70 to $40 per coin, leveraging lower electricity rates and next-generation mining hardware.

• Fortitude's strategy focuses on owning and operating its power assets to maintain cost control and flexibility, positioning itself for growth in the Zcash ecosystem.

• The merger is subject to shareholder approval and regulatory conditions, with forward-looking statements highlighting potential risks and uncertainties.

Voting matters and shareholder proposals

• Shareholders of HeartSciences will be asked to vote on the proposed merger with Fortitude at a special meeting, with proxy materials to be mailed following SEC filings.

• Directors, executive officers, and certain Digital Currency Group executives may participate in proxy solicitation.

Board of directors and corporate governance

• Information about directors and executive officers involved in the transaction, including their interests, is disclosed in proxy materials filed or to be filed with the SEC.