Jackpot Digital Reports Increased Warrant Activity Led by Insider

Executive Summary

• Insider Lyle Berman exercised over 4 million warrants and, through conversions of debentures and additional warrant exercises, increased his beneficial ownership to approximately 16.74% of Jackpot Digital’s common shares.
• The company reported the exercise of 11,167,843 warrants at $0.10 per share over the past 60 days, indicating heightened market interest in its trading warrants that expire on November 20, 2025.
• Jackpot Digital continues expanding its dealerless electronic poker table games (Jackpot Blitz®) across multiple U.S. states, with recent installations in California, Louisiana, New York and Wisconsin.

Key Details

• Warrant Activity: 11,167,843 warrants exercised at $0.10 per share during the last 60 days; warrants expire November 20, 2025.
• Insider Exercise: Lyle Berman exercised 4,196,100 trading warrants this week.
• Pre‑Effective Ownership (as of August 1 & Nov 3, 2025):
• 33,452,728 common shares
• 42,622,728 warrants (each for one share at $0.10)
• Represented ~13.03% of outstanding common shares and ~13.79% of outstanding warrants (undiluted).
• Post‑Effective Ownership (after conversions/exercises):
• 46,818,828 common shares
• 38,426,628 warrants
• Convertible debentures principal amount $696,750, convertible into an additional 9,290,000 common shares at $0.075 per share
• Notes outstanding $2,000,001
• Represents ~16.74% of outstanding common shares and ~12.48% of outstanding warrants (undiluted).
• Potential Future Transactions: Berman may acquire or dispose of additional shares via further conversions, warrant exercises, or market transactions at his discretion.
• Product Rollout: Recent installations of Jackpot Blitz® dealerless electronic table games in casinos located in California, Louisiana, New York and Wisconsin.
• Regulatory Filing: Release issued pursuant to National Instrument 62‑103 (Early Warning System).

Notable Quotes

“Once Jackpot Digital is licensed in all major markets, their Jackpot Blitz® electronic poker tables will become essential for all low‑limit poker games in casinos and card rooms.” – Lyle Berman

All other boilerplate, safe‑harbor language, and contact information have been omitted for brevity.