Neptune Digital to acquire $300k (U.S.) in X.AI shares

Executive Summary

• Neptune Digital Assets Corp. entered into an agreement to make a strategic investment of $300,000 USD in X.AI Corp., acquiring shares valued at that amount to gain exposure to artificial intelligence technologies.
• The company highlighted its existing significant holding in SpaceX (over 32,000 shares) and cited recent reports of SpaceX’s potential IPO in 2026 as validation for its investment thesis in high-growth, visionary technology sectors.
• Concurrently, Neptune granted 1.3 million stock options to directors and officers, exercisable at $0.70 per share with immediate vesting.

Key Details

• X.AI Investment:
  • Counterparty: X.AI Corp. (arm's-length party).
  • Investment Amount: $300,000 USD.
  • Structure: Acquisition of shares in X.AI.
  • Strategic Rationale: Diversification into AI and robotics, viewed as the "next frontier of innovation" alongside space exploration and digital assets.
• SpaceX Holdings Update:
  • Current Position: Over 32,000 shares.
  • Context: Management views this holding as a blueprint for long-term value creation, citing reports of SpaceX preparing for a potential IPO in 2026 with a valuation exceeding $1 trillion USD.
• Stock Option Grants:
  • Quantity: Aggregate of 1.3 million stock options.
  • Recipients: Certain directors and officers of Neptune Digital Assets Corp.
  • Grant Date: Effective December 9, 2025.
  • Exercise Price: $0.70 per common share.
  • Vesting Terms: Immediate vesting upon grant.
  • Expiration: 10 years from grant date.
  • Basis: Granted in accordance with the company's share compensation plan.

Notable Quotes

• "Following the successful and highly valued investments in SpaceX, our team is thrilled to commence strategically allocating capital into X.AI... This move will further diversify our asset base and is designed to create substantial long-term value for our shareholders." — Cale Moodie, CEO and President