Emerge receives $270,000 cash from warrant exercises

Mr. Ghassan Halazon reports EMERGE ANNOUNCES EXPIRY OF 12.3M WARRANTS REDUCING DILUTION, NETS $280K FROM OUT-OF-THE-MONEY WARRANT AND CEO EXERCISES Emerge Commerce Ltd. has provided a corporate update on the 15 million warrants with an exercise price of 10 cents and expiry date of July 21, 2025 (originally issued on July 21, 2023). 12.3 million warrants with a 10-cent exercise price expired unexercised, minimizing potential dilution; $270,000 in cash proceeds from 2.7 million warrant exercises at 10 cents, demonstrating shareholder support of the company's progress and bolstering overall cash position which stood at $3.5-million at June 30, 2025; Emerge chief executive officer Ghassan Halazon voluntarily exercised 91,000 options at 11 cents, well ahead of the expiry date (October, 2027), further aligning with investors. Of the total 15 million warrants, approximately 12.3 million warrants expired unexercised, minimizing potential dilution and warrant overhang. Approximately 2.7 million out-of-the-money warrants were exercised at 10 cents, raising approximately $270,000 in cash proceeds, and underscoring investor confidence. In a parallel demonstration of alignment with shareholders, Emerge CEO Ghassan Halazon has also opted to voluntarily exercise approximately 91,000 stock options at 11 cents, well in advance of their October, 2027, expiry. The proceeds from the warrant and CEO option exercises bolster Emerge's cash position, which grew to $3.5-million at June 30, 2025, based on the company's preliminary Q2 results. Ghassan Halazon, founder and chief executive officer, Emerge, commented: "With today's announcement, we have both streamlined our capital structure and strengthened our cash position. I'm deeply grateful to our long-term shareholders who have stood by us since the early days of this turnaround, and especially to the investors who exercised their 10-cent warrants as a powerful vote of confidence in Emerge's future. To stand shoulder-to-shoulder with our investors, I've also exercised a portion of my 11-cent options well ahead of their October, 2027, expiry. With recent operational progress, a cleaner capital structure and an enhanced cash position, Emerge is primed to embark on this next phase of disciplined, strategic growth." About Emerge Commerce Ltd. Emerge is a Canadian e-commerce and retail portfolio of premium brands. The company's subscription, marketplace and retail businesses provide the company's members with access to offerings across its grocery and golf verticals. truLOCAL is the company's flagship Canadian meat and seafood subscription service, connecting local farmers with a health-conscious audience. The company's golf vertical includes its discounted tee-times/experiences brand, UnderPar, and the company's discounted golf apparel and equipment brands, JustGolfStuff and Tee 2 Green. We seek Safe Harbor.