The amou ts owi g elate p ima ily to co po ate a d ope atio al suppo t, ma ageme t a d adviso y se vices, tech ology developme t a d elated tech ical se vices, as well as i vesto elatio s a d commu icatio s se vices. Of the Sha es, 600,000 will be issued to a o -a m’s-le gth pa ty a d 3,700,300 to a m’s-le gth co t acto s a d se vice p ovide s.
The issua ce to the o -a m’s-le gth pa ty co stitutes a elated pa ty t a sactio u de Multilate al I st ume t 61-101 – P otectio of Mi o ity Secu ity Holde s i Special T a sactio s (“MI 61-101”). The Compa y is elyi g o the exemptio s f om the fo mal valuatio a d mi o ity sha eholde app oval equi eme ts u de sectio s 5.5(a) a d 5.7(1)(a) of MI 61-101, espectively, as the fai ma ket value of the elated pa ty t a sactio does ot exceed 25% of the Compa y’s ma ket capitalizatio .
The Sha es a e expected to be issued effective August 27, 2026, subject to applicable egulato y equi eme ts a d the policies of the Ca adia Secu ities Excha ge (the “CSE”).
The Sha es will be subject to applicable esale est ictio s, i cludi g a statuto y hold pe iod expi i g Decembe 28, 2026, as equi ed u de applicable secu ities laws a d CSE policies.
The issua ce allows the Compa y to satisfy $215,015 i outsta di g obligatio s a isi g f om se vices p eviously p ovided th ough the issua ce of equity athe tha cash. The t a sactio is expected to st e gthe the Compa y’s bala ce sheet by educi g cu e t liabilities without d awi g o cash esou ces, suppo ti g Spi it’s wo ki g capital positio a d p ese vi g liquidity fo o goi g ope atio s, tech ology developme t a d othe capital allocatio p io ities as the Compa y co ti ues to adva ce its tech ology a d comme cializatio st ategy.
Spi it co ti ues to adva ce its u de lyi g tech ology i step with its b oade co po ate st ategy. Developme t effo ts emai focused o platfo m optimizatio a d fu ctio ality e ha ceme ts.
As pa t of the Compa y’s multi-phase co po ate evolutio , ma ket e t y a d comme cial deployme t a e ta geted followi g upcomi g co po ate milesto es. Additio al details ega di g p oduct fu ctio ality, st ategic b a di g, a d comme cializatio pla s will be eleased i due cou se.
“Ou focus is shifti g towa d comme cial executio ,” said Suha Aska y, Chief Executive Office of Spi it. “As we p epa e to i t oduce the tech ology solutio s a d ext-ge e atio capabilities i alig me t with ou co po ate oadmap the objective is to b i g the tech ology to ma ket, build adoptio a d establish a fou datio fo eve ue ge e atio .”
The Compa y expects to p ovide fu the updates as it p og esses th ough its upcomi g co po ate milesto es a d adva ces towa d comme cial deployme t of its tech ology.
Spi it Blockchai Capital I c. is a Ca adia -based publicly listed compa y focused o p ovidi g sha eholde s with exposu e to the blockchai a d digital asset eco omy. The Compa y is e gaged i the busi ess of developi g, acqui i g, ope ati g a d ma agi g tech ology solutio s, a tificial i tellige ce, blockchai i f ast uctu e a d assets, a d i vests i eme gi g blockchai ve tu es a d oppo tu ities.
Fo fu the i fo matio , please co tact:
Si ce fo wa d-looki g stateme ts a d i fo matio add ess futu e eve ts a d co ditio s, by thei ve y atu e they i volve i he e t isks a d u ce tai ties. Actual esults could diffe mate ially f om those cu e tly a ticipated due to a umbe of facto s a d isks. Facto s that could mate ially affect such fo wa d-looki g i fo matio a e desc ibed u de the headi g “Risk Facto s” i the Compa y’s lo g-fo m p ospectus dated August 8, 2022, that is available o the Compa y’s p ofile o SEDAR+ at www.seda plus.ca. The Compa y u de takes o obligatio to update fo wa d-looki g i fo matio except as equi ed by applicable law. Such fo wa d-looki g i fo matio ep ese ts ma ageme ts’ best judgme t based o i fo matio cu e tly available. No fo wa d-looki g stateme t ca be gua a teed a d actual futu e esults may va y mate ially. Acco di gly, eade s a e advised ot to place u due elia ce o fo wa d-looki g stateme ts o i fo matio .
