M&A
confidence high
sentiment neutral
materiality 0.85
HeartSciences files proxy for Fortitude Mining all-stock merger; FY2026 cash $1.7M, no revenue
HeartSciences Inc.
- Filed preliminary proxy for all-stock merger with Fortitude Mining; ~107.6M shares to DCG, pro forma equity $70M.
- Fortitude mined 72,696 ZEC in H1 2026 (~28% of network); new 60MW Nebraska facility energized.
- At Zcash >$500, Fortitude estimates run-rate Adj. EBITDA >$50M once new machines hashing.
- FY2026: no meaningful revenue, cash $1.7M, shareholders' equity $0.2M.
- MyoVista Insights platform launched commercially; MyoVista wavECG under FDA 510(k) review.