Sol Strategies holder Guoga acquires, sells shares

Executive Summary

• Shareholder Antanas Guoga filed an early warning report detailing the acquisition of 2,300,726 common shares via debt settlement and the subsequent disposition of 725,581 shares.
• Guoga’s beneficial ownership increased from approximately 11.89% to 18.85% following the debt settlement, before decreasing to approximately 16.31% after the market dispositions.
• The acquisition was executed pursuant to a debt settlement and termination agreement dated December 31, 2025, at a deemed price of $2.41 per share.

Key Details

• Acquisition Details:
  • Acquirer: Antanas Guoga.
  • Shares Acquired: 2,300,726 common shares.
  • Consideration: Debt settlement pursuant to an agreement dated December 31, 2025.
  • Deemed Price: $2.41 per common share.
• Disposition Details:
  • Shares Disposed: 725,581 common shares.
  • Date Range: March 5, 2026, to March 27, 2026.
  • Venue: Canadian Securities Exchange and Nasdaq Stock Market.
• Ownership Changes:
  • Pre-Acquisition: 3,844,634 shares (approx. 11.89% of outstanding).
  • Post-Acquisition (Pre-Disposal): 6,145,360 shares (approx. 18.85% of outstanding).
  • Post-Disposal: 5,419,778 shares (approx. 16.31% of outstanding).
• Future Intentions:
  • Guoga intends to review his investment on a continuing basis.
  • Potential actions include increasing or decreasing positions via open market purchases/sales, derivative instruments, or hedging transactions.
  • Decisions may be influenced by company financial position, strategic direction, board composition, market conditions, and other investment opportunities.

Notable Quotes

• "Mr. Guoga intends to review his investment in the company on a continuing basis, and, depending upon various factors... Mr. Guoga may: (i) increase or decrease his position in the company... (ii) enter into transactions that increase or hedge his economic exposure to the common shares without affecting his beneficial ownership of the common shares."