Mercer Park Opportunities Corp. Announces Acquisition of Cube Group, Inc.

Executive Summary

• Mercer Park Opportunities Corp. announced a definitive business combination agreement to acquire Cube Group, Inc., valuing Cube at US $300 million.
• The combined entity will be named Cube Exchange Inc.; the deal includes a planned pre‑closing acquisition of US $500 million of Solana (SOL) tokens as treasury assets.
• Closing is expected in Q1 2026 pending TSX and other regulatory approvals, with an option for Class A restricted voting shareholders to redeem their shares at closing.

Key Details

• Transaction Structure: Qualifying SPAC transaction under TSX rules; Mercer Park will issue shares to Cube’s equity holders at an implied US $300 million valuation.
• Treasury Acquisition: Post‑closing, the company will acquire US $500 million of SOL tokens using stock as consideration; expected staking yield 7–9%+ annually.
• Closing Conditions: Completion of Cube’s audit, TSX approval, prospectus clearance with Canadian securities regulators, and other customary approvals.
• Timeline: Anticipated closing in the first quarter of 2026.
• Shareholder Redemption: Holders of Class A restricted voting shares may redeem at a per‑share amount to be determined from escrow funds upon closing.
• Dual Listing Goal: Mercer Park will use reasonable efforts to seek a NASDAQ dual listing after the transaction closes.
• Strategic Rationale: Combines Cube’s hybrid digital asset exchange platform with public market capital, aiming to accelerate growth in the $3.4 trillion digital assets market and enhance liquidity through SOL staking revenues.

Notable Quotes

• “We are excited to partner with Cube… this transaction not only fulfills our SPAC mandate but is also poised to unlock tremendous value for shareholders.” – Jonathan Sandelman, CEO, Mercer Park Opportunities Corp.
• “By going public, we gain the resources to scale our ultra‑secure, high‑speed exchange.” – Bartosz Lipinski, Co‑Founder & CEO, Cube Group.