Zcash miner Fortitude will trade on Nasdaq under ticker TUDE after merging with medical tech firm HeartSciences in an all-stock deal.
Zcash miner Fortitude Mining Holdings will list on Nasdaq via a reverse merger with medical technology company HeartSciences. The combined entity will operate under Fortitude’s name and trade under the ticker TUDE, pending regulatory approval.
The all-stock transaction allows Fortitude to bypass a traditional IPO while HeartSciences shareholders retain a minority stake. HeartSciences, which develops AI-enabled cardiac diagnostics, cited the deal as a way to reduce capital-raising pressures while maintaining public market exposure.
Fortitude’s management will assume control of the merged company, uniting two unrelated businesses under a single Nasdaq-listed entity.