HeartSciences CFO Secures Enhanced Severance and 25K RSU Grant Tied to Pending Merger

summarizeSummary

HeartSciences granted CFO Danielle Watson enhanced severance and 25,000 RSUs tied to the pending Fortitude Mining merger, securing her retention through the deal's close.

check_boxKey Events · Executive and Board Changes · HSCS

• CFO Employment Agreement Amended

  The amendment provides enhanced severance: 6 months' base salary, COBRA for up to 6 months, and 100% acceleration of unvested equity awards if terminated without Cause or for Good Reason post-merger.

• 25,000 RSUs Granted to CFO

  Restricted stock units vest over one year from merger closing, with acceleration on termination without Cause, for Good Reason, or upon a Change of Control.

• Retention Tied to Merger Closing

  Both the amendment and RSU grant are contingent on the closing of the all-stock merger with Fortitude Mining Holdings, announced June 23, 2026.

• Financial Context

  HeartSciences has a going-concern warning and a market cap of ~$9M; the RSU grant represents approximately 0.76% of outstanding shares at current prices, a notable retention incentive.

auto_awesomeAnalysis · HSCS · Industrial Applications And Services

HeartSciences amended CFO Danielle Watson's employment agreement to provide enhanced severance—six months' salary, COBRA, and full equity acceleration—if she is terminated without cause or resigns for good reason after the Fortitude Mining merger closes. She also received 25,000 restricted stock units that vest over one year post-closing. These retention and protection measures are material given the company's going-concern warning and the transformative nature of the all-stock merger, signaling the board's commitment to keeping key leadership through the transition.