Nov 6, 5:00 PM ET
HeartSciences Receives Seven Demand Letters on Fortitude Merger Proxy Disclosures
HeartSciences filed an 8-K with supplemental disclosures to its proxy statement for the proposed merger with Fortitude Mining Holdings, a subsidiary of Digital Currency Group. The company received seven demand letters from purported shareholders alleging the proxy omits material information, and says the claims are without merit but is voluntarily adding disclosures to avoid delays and litigation expense. The special meeting remains scheduled for November 19, 2026, so the disclosures do not change the vote timing.
- Seven demand letters received from counsel to purported shareholders alleging proxy omissions.
- Company denies the allegations and says disclosures are voluntary, made without admitting liability.
- Supplemental disclosures include a January 6, 2026 letter of intent with Fortitude and an indicated equity value range for Fortitude of $206.0 million to $428.2 million.
- Special Meeting to be held virtually on November 19, 2026, at 10:00 a.m. Eastern Time.