# HeartSciences Inc. (HSCSW) — capital_raise/private_placement [announced]
Source: sec.gov · situation sit_daaa0a47b006925e14a0 · public 8896391367960961546 · retrieved 2026-08-19T11:56:23.309Z

## Overview
Company Overview We are a healthcare information technology company focused on advancing electrocardiography ("ECG" or "EKG") through the integration of artificial intelligence ("AI").

On August 12, 2026, HeartSciences Inc. sold 411,522 shares of common stock to Fortitude Mining Holdings, Inc. at $2.43 per share, generating approximately $1.0 million in gross proceeds. The purchase price was based on the 30-day volume-weighted average price through August 11, 2026. Following the transaction, Fortitude owns approximately 9.4% of HeartSciences' outstanding common stock. The company has agreed to use the net proceeds for operating expenses leading up to the expected closing of the previously reported proposed business combination with Fortitude, pursuant to the Merger Agreement dated June 23, 2026.

## Terms
- Counterparty: Fortitude Mining Holdings, Inc. · Deal value: $1.0M · Consideration: cash · Stake: 9.4% · Price/share: $2.43

## Key dates
- Announced 2026-08-18

## Timeline
- 2026-08-18 · 8-K (0001213900-26-091301): 8-K - HeartSciences Inc. — *Company Overview We are a healthcare information technology company focused on advancing electrocardiography ("ECG" or "EKG") through the integration of artificial intelligence ("AI").* On August 12, 2026, HeartSciences Inc. sold 411,522 shares of common stock to Fortitude Mining Holdings, Inc. at $2.43 per share, generating approximately $1.0 million in gross proceeds. The purchase price was based on the 30-day volume-weighted average price through August 11, 2026. Following the transaction, Fortitude owns approximately 9.4% of HeartSciences' outstanding common stock. The company has agreed to use the net proceeds for operating expenses leading up to the expected closing of the previously reported proposed business combination with Fortitude, pursuant to the Merger Agreement dated June 23, 2026.
  https://www.sec.gov/Archives/edgar/data/1468492/0001213900-26-091301.txt

## Citations
- 0001213900-26-091301 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026091301