Cypher Announces Subscription Receipt Offering

Not fo dist ibutio to U ited States Newswi e Se vices o fo dissemi atio i the U ited States

VANCOUVER, BC / ACCESS Newswi e / Octobe 22, 2026 / Cyphe Metave se I c. (CSE:CODE.X) (“Cyphe ” o the “Compa y“) is pleased to a ou ce a o -b oke ed p ivate placeme t of up to 10,000,000 subsc iptio eceipts (“Subsc iptio Receipts“) at a p ice of $0.50 pe Subsc iptio Receipt fo agg egate g oss p oceeds of up to $5,000,000 (the “Offe i g“), to be completed i co ectio with, a d as a co ditio to, the p eviously a ou ced busi ess combi atio of the Compa y, No i vasix, I c. (“No i vasix“) a d Cyphe Subco I c. to be ca ied out pu sua t to a me ge ag eeme t dated Decembe 12, 2025 (the “T a sactio “).

U de the Offe i g, each Subsc iptio Receipt will e title the holde , without payme t of additio al co side atio o fu the actio , to automatically eceive o e u it (“U it“) of the esulti g issue (the “Resulti g Issue “) upo the satisfactio o waive (to the exte t pe mitted) of the esc ow elease co ditio s at o befo e Novembe 30, 2026. Each U it will co sist of o e commo sha e of the Resulti g Issue (each, a “Resulti g Issue Sha e“) a d o e Resulti g Issue Sha e pu chase wa a t (each, a “Wa a t“), each Wa a t e titli g the holde the eof to pu chase o e additio al Resulti g Issue Sha e at a exe cise p ice of $0.75 fo 24 mo ths.

The g oss p oceeds of the Offe i g will be held i esc ow a d, afte payme t of applicable fees a d expe ses upo closi g of the T a sactio , will be used fo wo ki g capital a d ge e al co po ate pu poses of No i vasix a d the Resulti g Issue .

I co ectio with the Offe i g, the Compa y may pay ce tai fi de s (“Fi de s“) a cash commissio of up to 8.0% of the agg egate g oss p oceeds eceived f om subsc ibe s i t oduced by such Fi de s to the Compa y, togethe with that umbe of fi de s wa a ts, o the same te ms as the Offe i g, equal to 8.0% of the umbe of Subsc iptio Receipts i t oduced by the Fi de s, as pe mitted by the policies of the Ca adia Secu ities Excha ge (the “CSE“) a d applicable secu ities laws.

Closi g of the Offe i g is subject to ce tai customa y co ditio s, i cludi g, without limitatio , app oval of the CSE, a d the secu ities issued pu sua t to the Offe i g will be subject to a fou -mo th a d o e-day statuto y hold pe iod.

The secu ities have ot a d will ot be egiste ed u de the U.S. Secu ities Act of 1933, as ame ded (the “U.S. Secu ities Act“), o a y applicable state secu ities laws a d may ot be offe ed o sold to, o fo the accou t o be efit of, pe so s i the U ited States o “U.S. pe so s,” as such te m is defi ed i Regulatio S p omulgated u de the U.S. Secu ities Act, abse t egist atio o a exemptio f om such egist atio equi eme ts. This ews elease shall ot co stitute a offe to sell o the solicitatio of a offe to buy, o shall the e be a y sale of the secu ities i a y ju isdictio i which such offe , solicitatio , o sale would be u lawful.

About Cyphe Metave se I c.

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.

Cautio a y Note Rega di g Fo wa d-Looki g I fo matio

This ews elease co tai s fo wa d-looki g i fo matio a d fo wa d-looki g stateme ts (collectively, “fo wa d-looki g i fo matio “). Such fo wa d-looki g i fo matio is p ovided to i fo m the Compa y’s sha eholde s a d pote tial i vesto s about ma ageme t’s cu e t expectatio s a d pla s elati g to the futu e. Reade s a e cautio ed that elia ce o such i fo matio may ot be app op iate fo othe pu poses. A y such fo wa d-looki g i fo matio may be ide tified by wo ds such as “a ticipate”, “p oposed”, “estimates”, “would”, “expects”, “i te ds”, “pla s”, “may”, “will”, a d simila exp essio s, although ot all fo wa d-looki g i fo matio co tai s these ide tifyi g wo ds.

Mo e pa ticula ly a d without limitatio , the fo wa d‐looki g i fo matio i this ews elease i cludes expectatio s co ce i g (i) the Offe i g a d T a sactio , i cludi g the timi g a d closi gs the eof; (ii) use of the cash p oceeds of the Offe i g; (iii) the Compa y’s fi a ci g pla s; (iv) eceipt of egulato y, stock excha ge a d othe equi ed app ovals i co ectio with the Offe i g a d T a sactio ; a d (v) the Compa y’s busi ess pla s a d ope atio s.

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. Such mate ial facto s a d assumptio s used to develop this fo wa d-looki g i fo matio i cludes (i) the pe ceived be efits of the T a sactio ; (ii) the status of a d impact of policy, legislatio a d egulatio s; (iii) effective tax ates; a d (iv) fi a ci g assumptio s, i cludi g i debted ess a d a ticipated i te est ates. 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.

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.

Co tact I fo matio

Fo fu the i fo matio , please co tact:

Geo ge Tsafalas | P eside t & CEO1 (778) 373-8578i fo@cyphe -meta.comwww.cyphe -meta.com

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.

SOURCE: Cyphe Metave se I c.

View the o igi al p ess elease o ACCESS Newswi e