Bigg Digital's Netcoins applies for CIRO membership

• Bigg Digital Assets Inc.'s subsidiary, Netcoins Inc., submitted a complete membership application to the Canadian Investment Regulatory Organization (CIRO) on May 27, 2026.
• The filing satisfies a key regulatory milestone required under an exemptive relief decision granted by the B.C. Securities Commission in September 2025.
• Application deadline was June 1, 2026; submission occurred four days prior to the deadline.
• Company will issue a subsequent press release upon CIRO's formal acceptance of the application.
• Netcoins currently operates as a restricted dealer under CSA framework and is registered with FINTRAC.
• CEO Fraser Matthews stated this reflects an ongoing commitment to operating Canada's leading compliant crypto trading platform.

• Regulatory Risk Mitigation: The submission removes the immediate risk of operational wind-down in Ontario, which was explicitly threatened if the June 1 deadline was missed (per Sept 2025 news). This is critical for business continuity but does not guarantee approval.
• Expectation Alignment: The market and investors were aware of this requirement from September 2025; meeting a known compliance deadline is generally priced in as routine progress rather than unexpected upside.
• Financial Context: Following the FY 2025 results (April 2026) which showed a significant reduction in net loss ($1.3M vs $25.8M), this news supports the operational stability required to realize future profitability, but does not directly impact revenue or earnings immediately.
• Approval Pending: The news explicitly states approval is pending ("upon CIRO's formal acceptance"). Until acceptance is confirmed, the regulatory risk remains partially unresolved compared to a full license grant.

• Flagship Project: Netcoins Inc., a Canadian crypto asset trading platform operating as a restricted dealer.
• Secondary Segments: Blockchain Intelligence Group (BIG) providing analytics/forensics; TerraZero Technologies (Metaverse/Gaming).
• Operational Status: BIG segment achieved record revenue ($2.27M in FY 2025); Netcoins processed over $1B in trading volume for the first time.
• Restructuring: TerraZero is undergoing downsizing to reduce cash consumption following a decline in metaverse market activity.