O Septembe 21, 2026, JMcDe mid acqui ed ow e ship of 278,030 U its of the Co po atio (the “Acquisitio “), at a p ice of $0.33 pe U it. The U its we e pu chased f om the Co po atio o a p ivate placeme t basis. Each U it is comp ised of o e commo sha e a d o e o -t a sfe able commo sha e pu chase wa a t (“Wa a t”). Each Wa a t is exe cisable to acqui e o e commo sha e of the Co po atio at a exe cise p ice of $0.45 pe sha e fo two yea s f om date of closi g.
P io to the Acquisitio JMcDe mid ow ed 395,000 commo sha es a d 315,000 commo sha e pu chase wa a ts. As a esult of the Acquisitio JMcDe mid ow be eficially ow s a d co t ols, di ectly a d i di ectly, 673,030 Commo Sha es a d 593,030 sha e pu chase wa a ts, ep ese ti g app oximately 10.32% of the outsta di g Commo Sha es o a o -diluted basis a d 17.50% of the issued a d outsta di g Sha es o a pa tially-diluted basis (assumi g the co ve sio of all of the subsc ibe ‘s wa a ts i to Commo Sha es).
O Septembe 21, 2026, EMcDe mid acqui ed ow e ship of 278,030 U its of the Co po atio (the “Acquisitio “), at a p ice of $0.33 pe U it. The U its we e pu chased f om the Co po atio o a p ivate placeme t basis. Each U it is comp ised of o e commo sha e a d o e o -t a sfe able commo sha e pu chase wa a t (“Wa a t”). Each Wa a t is exe cisable to acqui e o e commo sha e of the Co po atio at a exe cise p ice of $0.45 pe sha e fo two yea s f om date of closi g.
P io to the Acquisitio EMcDe mid ow ed 382,500 commo sha es a d 382,500 commo sha e pu chase wa a ts. As a esult of the Acquisitio EMcDe mid ow be eficially ow s a d co t ols, di ectly a d i di ectly, 660,530 Commo Sha es a d 660,530 sha e pu chase wa a ts, ep ese ti g app oximately 10.13% of the outsta di g Commo Sha es o a o -diluted basis a d 18.26% of the issued a d outsta di g Sha es o a pa tially-diluted basis (assumi g the co ve sio of all of the subsc ibe ‘s wa a ts i to Commo Sha es).
A ea ly wa i g epo t has bee filed by each of JMcDe mid a d EMcDe mid u de applicable secu ities laws a d will be available o the Cyphe SEDAR+ p ofile at www.seda plus.ca. A copy of the ea ly wa i g epo ts may also be obtai ed by co tacti g Geo ge Tsafalas at (778) 373-8578,
Fu the i fo matio about Cyphe ca be fou d o the Compa y’s website at www.cyphe -meta.com, alo g with its SEDAR+ p ofile accessible at www.seda plus.ca.
This ews elease co tai s fo wa d-looki g i fo matio a d fo wa d-looki g stateme ts (collectively, “
Mo e pa ticula ly a d without limitatio , the fo wa d‐looki g i fo matio i this ews elease i cludes (i) expectatio s ega di g the Compa y’s busi ess pla s a d ope atio s; (ii) expectatio s co ce i g the MCTO; a d (iii) expectatio s ega di g the timi g of fili g the Requi ed Fili gs. Fo wa d-looki g i fo matio is based o a umbe of facto s a d assumptio s that have bee used to develop such i fo matio , but which may p ove to be i co ect. Although the Compa y believes that the expectatio s eflected i such fo wa d-looki g i fo matio a e easo able, u due elia ce should ot be placed o fo wa d-looki g i fo matio because the Compa y ca give o assu a ce that such expectatio s will p ove to be co ect. The fo wa d-looki g i fo matio i this ews elease eflects the Compa y’s cu e t expectatio s, assumptio s a d/o beliefs based o i fo matio cu e tly available to the Compa y.
Whethe actual esults, pe fo ma ce, o achieveme ts will co fo m to Cyphe ‘s expectatio s a d p edictio s is subject to a umbe of k ow a d u k ow isks a d u ce tai ties, which could cause actual esults a d expe ie ce to diffe mate ially f om Cyphe ‘s expectatio s. Such mate ial isks a d u ce tai ties i clude: (i) isks a d u ce tai ties associated with the digital cu e cy i dust y a d dece t alized fi a ce; (ii) political, eco omic, egulato y a d othe u ce tai ties i espect of digital cu e cies; a d (iii) co sume se time t towa ds blockchai tech ology ge e ally, dec ease i the p ice of othe c yptocu e cies.
A y fo wa d-looki g i fo matio speaks o ly as of the date o which it is made a d, except as may be equi ed by applicable secu ities laws, the Compa y disclaims a y i te t o obligatio to update a y fo wa d-looki g i fo matio , whethe as a esult of ew i fo matio , futu e eve ts o esults o exp essly qualified by this cautio a y stateme t.
Fo fu the i fo matio , please co tact:
Neithe the Ca adia Secu ities Excha ge o its Ma ket Regulato (as that te m is defi ed i the policies of the Ca adia Secu ities Excha ge) accepts espo sibility fo the adequacy of this elease.
