Abound Announces Effective Date of Share Consolidation

Executive Summary

• ABOUND Energy Inc. announced a 3-for-1 share consolidation effective June 10, 2026, reducing its outstanding share count from approximately 52.3 million to 17.4 million.
• The company's name and stock symbol will remain unchanged, with new CUSIP and ISIN numbers assigned to the post-consolidation shares.
• All outstanding options, warrants, and convertible securities will be adjusted proportionally on a 3:1 basis, with corresponding adjustments to their exercise prices.

Key Details

• Consolidation ratio: 3 pre-consolidation shares for every 1 post-consolidation share.
• Effective date of consolidation: June 10, 2026.
• Pre-consolidation shares issued and outstanding: 52,278,754.
• Post-consolidation shares issued and outstanding: ~17,426,251.
• New CUSIP: 003735206.
• New ISIN: CA0037352063.
• Fractional shares will not be issued; any resulting fractions will be rounded up or down to the nearest whole share.
• Outstanding incentive stock options, warrants, and convertible securities will be adjusted on a 3:1 basis with proportionate adjustments to exercise prices per their respective terms.
• Post-consolidation shares expected to begin trading on the Canadian Securities Exchange on or about June 10, 2026.
• Registered shareholders holding certificates or direct registration statements will receive a letter of transmittal outlining the exchange process.
• Shares held through brokers or intermediaries will be automatically updated according to intermediary procedures.