SCD Capital completes $650,000 IPO, lists on TSX-V

• SCD Capital Corp. has completed its Initial Public Offering (IPO) on the TSX Venture Exchange under symbol SMCD.P.
• Aggregate gross proceeds raised were $650,000 from the sale of 6.5 million common shares at $0.10 per share.
• Total common shares issued and outstanding post-IPO are 14 million.
• Trading is expected to commence on or about May 8, 2026.
• The company operates as a Capital Pool Company (CPC) with no current operations or assets other than cash.
• Agent Canaccord Genuity Corp. received $65,000 in cash commission and 650,000 non-transferable warrants exercisable until May 2031.
• Directors were granted options for up to 1.4 million common shares at $0.10 per share, exercisable until May 2031 (subject to escrow).
• 7.5 million shares are subject to escrow restrictions.

• The news confirms the successful listing of a shell vehicle with minimal capitalization ($650k proceeds).
• This is an expected milestone for a Capital Pool Company and does not represent new operational value or asset acquisition.
• The small raise size limits immediate operational flexibility and suggests future dilution will be required to fund target search activities.
• No material positive change in fundamentals; the company remains a shell awaiting a qualifying transaction.
• The escrow of 7.5 million shares (over 50% of total) reduces immediate float but does not mitigate the fundamental risk of the CPC structure.

• SCD Capital Corp. is a Capital Pool Company (CPC) listed on TSX-V.
• The company has no current operations or assets other than cash proceeds from the IPO.
• The primary objective is to identify and evaluate potential qualifying transactions for merger or acquisition.
• There is no flagship project in operation; the "project" is the search for a target business.