India, Aug. 19 -- HeartSciences Inc. (HSCS), a healthcare information technology company advancing electrocardiography through artificial intelligence, announced that Fortitude Mining Holdings, Inc. has invested $1 million in the company at a 22% premium to market price.
Fortitude purchased 411,522 shares of HeartSciences' common stock at $2.43 per share, representing a premium to the closing price on the purchase date.
The investment does not alter the exchange ratio under the merger agreement between the two companies, and no additional shares will be issued to Fortitude's equity holders at closing.
Following the transaction, Fortitude holds approximately 9.4% of HeartSciences' outstanding common stock. The investment strengthens Heart...