secwatch.observer — SEC 8-K summary
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Issuer:     HeartSciences Inc. (HSCS)
CIK:        0001468492
Form:       8-K
Filed at:   2026-06-23T12:33:32+00:00
Accession:  0001213900-26-070862
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 2.03, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HeartSciences to acquire Fortitude Mining; Fortitude holders to own ~95% of combined entity
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- Merger with Fortitude Mining (Zcash mining, owned by Digital Currency Group) signed; closing expected H2 2026.
- Post-merger, Fortitude equity holders to own ~95% of HeartSciences; current HSCS shareholders ~5%.
- New CEO Andrea Childs, CFO Erik Ellingson; board reconstituted with Fortitude designees.
- Fortitude contributes $2M cash or Zcash; new Class V voting stock (no economic rights) and Class A common issued.
- Support agreements from >50% of Series C preferred holders; termination fees: $2.5M (HSCS) / $6M (Fortitude).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468492/000121390026070862/0001213900-26-070862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468492/000121390026070862/ea0295453-8k_heartsci.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-070862

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer