MergerJun 23, 2026, 05:22 PM
HeartSciences to Merge with Fortitude Mining in All-Stock Transaction
AI Summary
HeartSciences Inc. has entered into a definitive merger agreement with Fortitude Mining Holdings, Inc. The all-stock transaction will result in the combined company operating under the Fortitude brand, led by Fortitude's management, and listed on Nasdaq under the ticker TUDE. Fortitude, a Zcash mining platform, reported $90 million in gross revenue and $20 million in Adjusted EBITDA for full year 2025. HeartSciences' CEO stated the merger allows them to advance their medical technology with greater focus, free from constant capital raising, aiming to maximize shareholder value.
Key Highlights
- HeartSciences Inc. entered a definitive merger agreement with Fortitude Mining Holdings, Inc.
- The combined company will operate under the Fortitude brand and trade on Nasdaq under the ticker TUDE.
- Fortitude Mining Holdings reported $90 million in gross revenue for full year 2025.
- Fortitude Mining Holdings generated $20 million in Adjusted EBITDA for full year 2025.
- Fortitude held approximately $13 million in cash and digital assets at year-end 2025.
- Fortitude produced approximately 51,785 ZEC through April 30, 2026.
- The transaction is expected to close in the second half of 2026, subject to HeartSciences shareholder approval.
Price Impact
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