Jackpot Digital insider Berman exercises warrants

Executive Summary

• Jackpot Digital Inc. reports significant insider activity, specifically the exercise of trading warrants by Lyle Berman, an insider and co-founder of Grand Casinos Inc.
• Over the last 60 days, a total of 11,167,843 warrants were exercised at a price of 10 cents per share.
• Lyle Berman filed an early warning report indicating his aggregate holdings now represent approximately 16.74% of the company's outstanding common shares, up from 13.03% prior to recent transactions.

Key Details

• Warrant Exercise Activity:
  • Total warrants exercised in the last 60 days: 11,167,843.
  • Exercise price: 10 cents per share.
  • Warrant symbol: "JJ.WT.C" on the TSX Venture Exchange.
  • Expiration date of warrants: Nov. 20, 2025.
• Lyle Berman Transactions:
  • Berman exercised 4,196,100 trading warrants this week.
  • Acquisitions occurred on Aug. 1, 2025, and Nov. 3, 2025, via conversion of convertible debentures and exercise of warrants.
• Pre-Transaction Holdings (Immediately prior to effective date):
  • Common shares: 33,452,728.
  • Warrants: 42,622,728 (entitling holder to acquire 42,622,728 common shares at 10 cents/share).
  • Ownership percentage: ~13.03% of outstanding common shares (undiluted) and ~13.79% of outstanding warrants (undiluted).
• Post-Transaction Holdings (Current):
  • Common shares: 46,818,828.
  • Warrants: 38,426,628.
  • Convertible debentures: Principal amount of $696,750 (entitling holder to acquire 9,290,000 common shares at 7.5 cents/share).
  • Notes: $2,000,001.
  • Aggregate ownership percentage: ~16.74% of outstanding common shares and ~12.48% of outstanding warrants.
• Company Operations Update:
  • Rollout of flagship product "Jackpot Blitz" (dealerless electronic table games/ETGs) continues across the United States.
  • Recent installations occurred in casinos in California, Louisiana, New York, and Wisconsin within the past month.
• Regulatory Filing:
  • Early warning report filed pursuant to National Instrument 62-103.
  • Contact for SEDAR+ profile: Matthew Schofield ([email protected]).

Notable Quotes

• Lyle Berman: "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."