Monitor the shareholder vote on the proposed business combination and the definitive proxy statement for deal terms. The appointment of a seasoned public-company CEO (Leverton) signals Fortitude's readiness for listing, but HeartSciences stock remains a vehicle for the reverse merger — watch for any delays or conditions to closing.
Price Chart
Executive Summary
HeartSciences Inc. filed an 8-K announcing that Fortitude Mining Holdings has appointed Jaime Leverton (former Hut 8 CEO) as its new CEO, effective September 21, 2026, with Andrea Childs transitioning to COO. This management change is part of Fortitude's preparation for its proposed business combination with HeartSciences, which is expected to close in Q4 2026. The filing is a procedural update on the reverse-merger target's leadership and does not contain new financial data for HeartSciences itself.
Key Facts
- Fortitude appointed Jaime Leverton as CEO and board member, effective September 21, 2026.
- Andrea Childs resigned as Fortitude CEO effective September 21, 2026, and will become COO.
- Leverton is expected to serve as CEO of the combined company (Fortitude Mining Group, Inc.) post-merger.
- The proposed business combination with HeartSciences is expected to close in Q4 2026, subject to shareholder approval.
- Fortitude mined 72,696 ZEC in H1 2026 (~28% of network production) and reported Q2 2026 revenue of $20.9 million.
- Fortitude operates >60 MW of power across seven sites and has purchase agreements for 9,000 Antminer Z15 Pro units.
Financial Impact
Fortitude reported Q2 2026 revenue of $20.9 million and H1 2026 ZEC production of 72,696 tokens. No financial data for HeartSciences was provided in this filing.
Risk Factors
- The proposed transaction may not close if HeartSciences shareholders do not approve it.
- Cryptocurrency price volatility (Zcash) could materially affect Fortitude's post-merger financials.
- Integration risks and management of a newly public combined company.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-100752 |
| Document: ea030580201ex99-1.htm | 0001213900-26-100752 |
| Document: 0001213900-26-100752-index-headers.html | 0001213900-26-100752 |
| Document: 0001213900-26-100752-index.html | 0001213900-26-100752 |
| Document: 0001213900-26-100752.txt | 0001213900-26-100752 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | DEFA14A | $3.18 | awaiting T+1 | — | $3.28 (+3.08%) |
Oct 26, 2026 1d ago | DEFA14A | $3.18 | awaiting T+1 | — | $3.28 (+3.14%) |
Oct 26, 2026 1d ago | DEFA14A | $3.18 $3.28 | ▲ +3.14% | ▲ +2.58% | $3.28 (+3.14%) |
Oct 23, 2026 4d ago | SC 13D/A | $3.18 $3.28 | ▲ +3.14% | ▲ +2.58% | $3.28 (+3.14%) |
Oct 21, 2026 6d ago | DEFA14A | $3.17 $3.14 | ▼ −0.95% | ▼ −0.42% | $3.28 (+3.47%) |
Oct 19, 2026 8d ago | DEFA14A | $3.13 $3.56 | ▲ +13.74% | ▲ +13.21% | $3.28 (+4.79%) |
Oct 19, 2026 8d ago | DEFA14A | $3.07 $3.13 | ▲ +1.95% | ▲ +1.62% | $3.28 (+6.84%) |
Oct 19, 2026 8d ago | DEFM14A | $3.07 $3.13 | ▼ −1.95% | ▼ −1.62% | $3.28 (−6.84%) |
Oct 15, 2026 12d ago | DEFA14A | $3.02 $3.07 | ▲ +1.66% | ▲ +1.23% | $3.28 (+8.61%) |
Oct 9, 2026 18d ago | 424B5 | $3.30 $3.09 | ▲ +6.36% | ▲ +6.35% | $3.28 (+0.61%) |
US Market Status
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