P opo tio ate Voti g Sha es Co ve ted i to Subo di ate Voti g Sha es
VANCOUVER, B itish Columbia a d AUSTIN, Texas, Oct. 13, 2026 (GLOBE NEWSWIRE) — I spi e Semico ducto Holdi gs I c. (“
| (i) | ame ded its A ticles; | (ii) | co ve ted all of its outsta di g p opo tio ate voti g sha es (“ | (iii) | co ti ued out of B itish Columbia a d domesticated i the State of Delawa e, U ited States, as a Delawa e co po atio amed “I spi e Semico ducto Holdi gs I c.” (the “ |
“Completi g ou move to Delawa e is a impo ta t milesto e fo I spi eSemi,” said James Hickma , Chai ma a d Chief Executive Office of I spi eSemi. “ As a U.S. compa y headqua te ed i Austi , we believe a Delawa e co po ate st uctu e bette alig s us with ou custome s, pa t e s a d i vesto s, simplifies ou capital st uctu e, a d positio s us fo futu e g owth.”
The A a geme t was app oved by 99.59% of the votes cast by sha eholde s at the Compa y’s a ual ge e al a d special meeti g of sha eholde s held o Septembe 24, 2026, a d the Sup eme Cou t of B itish Columbia g a ted a fi al o de app ovi g the A a geme t o Septembe 29, 2026.
Pu sua t to the Co ve sio , all 3,972,375.38 outsta di g PVS we e co ve ted i to a agg egate of 397,237,538 SVS. No PVS emai outsta di g.
Upo the Domesticatio , each outsta di g SVS became o e sha e of commo stock of the Compa y as a Delawa e co po atio (“
Sha eholde s a e ot equi ed to take a y actio i co ectio with the completio of the A a geme t. Odyssey T ust Compa y, the Compa y’s t a sfe age t, has ame ded all di ect egist atio system (DRS) stateme ts evide ci g sha es of Commo Stock to egiste ed sha eholde s. Sha eholde s who hold thei sha es th ough a b oke , i vestme t deale , ba k, t ust compa y o othe i te media y will have thei holdi gs eflected as sha es of Commo Stock th ough thei i te media y a d should co tact thei i te media y with a y questio s ega di g thei accou ts. Registe ed sha eholde s with questio s ega di g thei holdi gs may co tact Odyssey T ust Compa y at sha eholde s@odysseyt ust.com.
I acco da ce with the A a geme t, each outsta di g optio , wa a t a d co ve tible debe tu e of the Compa y is ow exe cisable fo , o co ve tible i to, sha es of Commo Stock o substa tially the same te ms as applied p io to the A a geme t, except that each wa a t havi g a exe cise p ice de omi ated i Ca adia dolla s ow has a exe cise p ice de omi ated i U.S. dolla s, co ve ted at the Ba k of Ca ada daily excha ge ate i effect at the Effective Time. Holde s will eceive ame ded docume tatio eflecti g these cha ges i due cou se.
The Compa y emai s a epo ti g issue i the p ovi ces of B itish Columbia, Albe ta a d O ta io. The Compa y will file a otice of cha ge i co po ate st uctu e u de Natio al I st ume t 51-102 Co ti uous Disclosu e Obligatio s, togethe with copies of its Delawa e ce tificate of i co po atio a d bylaws, u de the Compa y’s p ofile o SEDAR+ at www.seda plus.ca.
Fu the details ega di g the A a geme t a e set out i the Compa y’s ma ageme t i fo matio ci cula dated August 27, 2026 (the “
I spi eSemi p ovides evolutio a y high-pe fo ma ce, e e gy-efficie t accele ated computi g solutio s fo High-Pe fo ma ce Computi g (HPC), AI, g aph a alytics, a d othe compute-i te sive wo kloads. The Thu de bi d I ‘supe compute -cluste -o -a-chip’ is a dis uptive, ext-ge e atio datace te accele ato desig ed to add ess multiple u de se ved a d dive sified i dust ies, i cludi g compute -aided e gi ee i g, cybe secu ity, defe se systems, e e gy, fi a cial se vices, climate modeli g, a d life scie ces & d ug discove y. Based o the ope sta da d RISC-V i st uctio set a chitectu e, I spi eSemi’s solutio s set ew sta da ds of pe fo ma ce, e e gy efficie cy, ve satility, a d ease of p og ammi g. I spi eSemi is headqua te ed i Austi , TX.
Fo mo e i fo matio visit https://i spi esemi.com
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The fo wa d-looki g i fo matio i cluded i this ews elease is based o ma ageme t’s opi io s, estimates a d assumptio s i light of thei expe ie ce a d pe ceptio of histo ical t e ds, cu e t co ditio s a d expected futu e developme ts, as well as othe facto s that ma ageme t cu e tly believes a e app op iate a d easo able i the ci cumsta ces, i cludi g assumptio s ega di g the Compa y’s ability to de ive the a ticipated be efits of the Domesticatio , the timely completio of post-closi g admi ist ative steps, cu e t a d futu e ma ket co ditio s, the executio of the Compa y’s busi ess st ategies, a d the abse ce of a y othe facto s that could cause actio s, eve ts o esults to diffe f om those a ticipated, estimated, i te ded o implied. Despite a ca eful p ocess to p epa e a d eview the fo wa d-looki g i fo matio , the e ca be o assu a ce that the u de lyi g opi io s, estimates a d assumptio s will p ove to be co ect.
Fo wa d-looki g i fo matio is also subject to k ow a d u k ow isks, u ce tai ties a d othe facto s that may cause the actual esults, level of activity, pe fo ma ce o achieveme ts to be mate ially diffe e t f om those exp essed o implied by such fo wa d-looki g i fo matio . Such isks, u ce tai ties a d othe facto s i clude, but a e ot limited to: that the Compa y a d its sha eholde s will ot ealize the a ticipated be efits of the Domesticatio ; the tax a d legal co seque ces of the Domesticatio fo the Compa y a d its secu ityholde s; the abse ce of a t adi g ma ket fo the Commo Stock; a d those isks set fo th i the Ci cula a d i the Compa y’s othe fili gs o its p ofile o the SEDAR+ website at www.seda plus.ca. Although the Compa y has attempted to ide tify impo ta t isk facto s that could cause actual esults o futu e eve ts to diffe mate ially f om those co tai ed i fo wa d-looki g i fo matio , the e may be othe isk facto s ot p ese tly k ow to it o that it p ese tly believes a e ot mate ial that could also cause actual esults o futu e eve ts to diffe mate ially f om those exp essed i such fo wa d-looki g i fo matio . The e ca be o assu a ce that such i fo matio will p ove to be accu ate, as actual esults a d futu e eve ts could diffe mate ially f om those a ticipated i such i fo matio . Acco di gly, eade s should ot place u due elia ce o fo wa d-looki g i fo matio , which speaks o ly as of the date made. The fo wa d-looki g i fo matio co tai ed i this ews elease ep ese ts the Compa y’s expectatio s as of the date of this ews elease a d is subject to cha ge afte such date. The Compa y disclaims a y i te tio o obligatio o u de taki g to update o evise a y fo wa d-looki g i fo matio whethe as a esult of ew i fo matio , futu e eve ts o othe wise, except as equi ed by applicable secu ities laws. All of the fo wa d-looki g i fo matio co tai ed i this ews elease is exp essly qualified by the fo egoi g cautio a y stateme ts.
