HeartSciences Inc. consummated a private placement sale of 411,522 shares of common stock to Fortitude Mining Holdings, Inc. on August 12, 2026, for an aggregate purchase price of approximately $1 million at $2.43 per share. This transaction represents a 22% premium to the closing market price and provides working capital ahead of the expected closing of the proposed business combination with Fortitude later in 2026. The merger agreement's exchange ratio remains unchanged, and no additional shares will be issued to Fortitude equity holders as a result of this investment. Following the purchase, Fortitude holds approximately 9.4% of HeartSciences’ outstanding common stock. HeartSciences is a healthcare information technology company focused on advancing electrocardiography through artificial intelligence.
