secwatch.observer — SEC 8-K summary
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Issuer:     HeartSciences Inc. (HSCS)
CIK:        0001468492
Form:       8-K/A
Filed at:   2026-08-19T21:11:48+00:00
Accession:  0001213900-26-091764
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortitude Mining H1 net loss $14.2M, revenue $40.1M; merger with HeartSciences pending
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- Fortitude H1 2026 net loss $14.2M vs $13.7M prior year; revenue $40.1M vs $40.8M.
- Recorded $10.3M impairment of mining equipment and $4.3M transaction costs in H1 2026.
- Cash $14.1M, working capital $8.6M at June 30, 2026; property and equipment net $25.4M.
- All-stock merger with HeartSciences (HSCS); DCG expected to own ~95% of combined voting interest.
- Merger expected to close H2 2026, subject to HeartSciences stockholder and regulatory approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468492/000121390026091764/0001213900-26-091764-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468492/000121390026091764/ea0302420-8ka2_heart.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-091764

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