James Anderson Provides Update on Holdings of MyndTec Inc.

Executive Summary

• James Anderson increased his indirect ownership of MyndTec Inc. to approximately 51.60% of the outstanding common shares following a private‑placement tranche of 650,970 units at $0.20 per unit.
• The tranche consisted of common shares and half‑warrants; each full warrant is exercisable at $0.24 per share for up to 36 months.
• The filing satisfies NI 62‑103 early‑warning reporting requirements under Canadian securities law.

Key Details

• Current Tranche: 650,970 units issued on February 4 2026 at $0.20 per unit (gross proceeds ≈ $130,194).
• Unit Composition: 1 common share + ½ warrant; each full warrant allows purchase of one common share at $0.24 within 36 months.
• Pre‑tranche Holdings: 12,639,746 common shares and 5,819,143 warrants (≈ 50.31% partially diluted ownership).
• Post‑tranche Holdings: 13,290,716 common shares and 6,144,628 warrants (≈ 51.60% partially diluted ownership).
• Ownership Change: Investor’s stake rose from just over 49% (January 7 2026) to over 51%, crossing the 50% threshold that may trigger additional disclosure or control considerations.
• Purpose Statement: Transaction conducted in ordinary business for investment purposes, not intended to exert control or direction over MyndTec Inc.
• Regulatory Filing: Press release issued pursuant to National Instrument 62‑103 (Early Warning System) and a copy of the early‑warning report is available on SEDAR+.

Notable Quotes

(No executive quotes were provided in the release.)