Pulsar Helium issues 145,434 shares to Oscillate

Executive Summary

• Pulsar Helium issued a total of 437,994 common shares to Oscillate PLC as consideration for the first three monthly tranches of its option to acquire up to 100 % of Quantum Hydrogen Inc., each tranche valued at US $80,000.
• The transaction now places Pulsar on track to own 80 % of Quantum after two additional tranches; it retains an option to purchase the remaining 20 % by May 3 2027 for a total of US $400,000 in share consideration.
• All shares issued are subject to a four‑month‑and‑one‑day hold period from their issuance dates.

Key Details

• Tranche 1 (Dec 18 2025): 292,560 common shares issued at VWAP = CAD 0.7797 per share; tranche valued at US $80,000.
• Tranche 2 (Dec 18 2025): Same issuance batch included the second monthly tranche at VWAP = CAD 0.7543 per share; also valued at US $80,000.
• Tranche 3 (Jan 20 2026): Additional 145,434 consideration shares issued at VWAP = CAD 0.7556 per share; tranche valued at US $80,000.
• Future Tranches: Two more monthly tranches of consideration shares (each US $80,000) will be issued to bring Pulsar’s ownership of Quantum to 80 %.
• Option for Remaining 20 %: Pulsar may acquire the final 20 % of Quantum by May 3 2027, paying US $400,000 in consideration shares split into five instalments of US $80,000 each after notice is given.
• Hold Period: All consideration shares issued under this agreement are subject to a four‑month‑and‑one‑day lock‑up from the date of issuance.

Notable Quotes

(No CEO/President quotes were provided in the release.)