Pioneer AI Foundry Provides Annual Corporate Update

Executive Summary

• Pioneer AI Foundry Inc. released its annual corporate update for the fiscal year ended May 31, 2025, detailing a strategic pivot to become an "agentic AI venture builder" focused on digital asset accumulation and AI integration.
• The company executed two private placements during the period, raising a total of approximately $1.65 million CAD, with specific allocations for treasury growth (Bitcoin acquisition), R&D, and operations.
• Significant operational milestones include the launch of the Kora AI beta platform, leadership changes (appointment of CEO Darcy Taylor and Board member Matthew Lodge), and a rebranding to reflect the new AI/DeFi focus.

Key Details

• Financing Activity:
  • March 12, 2025: Closed a non-brokered private placement for gross proceeds of $1,028,873.34.
    • Sold 5,715,963 Units at $0.18 per Unit.
    • Each Unit consisted of one common share and one transferable common share purchase warrant.
    • Warrants allow acquisition of one additional common share at an exercise price of $0.25, expiring March 11, 2027 (24 months from issuance).
  • August 26, 2025 (Subsequent to fiscal year-end): Closed a non-brokered private placement for gross proceeds of $625,000.
    • Proceeds allocation: Up to 20% for R&D, operating expenses, reporting infrastructure, and G&A; remaining proceeds to acquire Bitcoin (aiming to more than double BTC treasury holdings).
• Treasury Holdings (as of Sept 3, 2025):
  • Bitcoin (BTC): 3.24 BTC.
  • Solana (SOL): 2,024 SOL (majority actively staked).
  • Combined Value: ~CAD $1.07 million.
  • Strategy: Dynamically converts a portion of SOL holdings (including staking rewards) into BTC.
• Leadership Changes:
  • January 16, 2025: Appointed Darcy Taylor as Chairman of the Board and Chief Executive Officer.
  • January 16, 2025: Appointed Matthew Lodge to the Board of Directors (former CEO of Satsuma Technology Plc).
• Product & Technology:
  • Kora AI: Launched beta platform on July 25, 2025.
  • Function: Programmable treasury automation and real-time market intelligence for digital assets.
• Strategic Equity Investments (Venture Partners):
  • Satsuma Technology Plc (LSE: SATS): Holds 20,000,000 shares (~4.07%). Satsuma is noted as a leading global public-company holder of Bitcoin.
  • Sundae Bar Plc (SBAR): Holds 26,304,668 shares (~5.49%).
  • Cykel AI Plc (CYK): Holds 19,110,000 shares (~4.17%).
  • Supernova Digital Assets Plc (SOL.PL): Holds 8,333,333 shares (~0.52%).
• Corporate Actions:
  • Rebranded to Pioneer AI Foundry Inc. on February 13, 2025, to reflect focus on AI and decentralized finance.

Notable Quotes

• "With a sharpened strategy centered on digital asset accumulation, strategic venture equity partnerships, and with Kora AI as both a treasury operating system and economic engine. Pioneer is positioning itself for long-term growth and remains focused on building shareholder value. Near-term our focus is lean cost structure and treasury rotation; medium-term is Kora validation and capital instruments; long-term is scaled BTC-backed AI treasury leadership." — Darcy Taylor, CEO, Pioneer AI Foundry Inc.