Razvan Romanescu's Holding of Vertiqal Studios Corp.

Executive Summary

• Razvan Romanescu (“Acquiror”) disposed of 18,000,000 Vertiqal Studios Corp. common shares on February 11 2026.
• The disposal reduced the Acquiror’s ownership from approximately 11.57% to 9.48% of Vertiqal’s issued and outstanding common shares (partially diluted basis).
• The Acquiror states it has no current intention to acquire additional securities, but reserves the right to do so in the future; the filing satisfies NI 62‑103 early‑warning requirements.

Key Details

• Transaction: Sale of 18,000,000 Vertiqal Studios Corp. common shares by Razvan Romanescu (Acquiror).
• Pre‑transaction ownership: 99,763,516 common shares (including conversion rights from a $65,000 convertible debenture), representing ~11.57% of Vertiqal’s 862,421,352 issued and outstanding common shares on a partially diluted basis.
• Post‑transaction ownership: 81,764,516 common shares (78,259,583 issued + 3,503,933 issuable upon conversion of the debenture), representing ~9.48% of Vertiqal’s issued and outstanding common shares on a partially diluted basis.
• Purpose of disposal: Investment purposes; no present intention to acquire additional securities.
• Future rights: Acquiror may acquire or dispose of additional Vertiqal securities at any time, subject to market conditions and business considerations.
• Regulatory filing: Disclosure made in accordance with National Instrument 62‑103 (Early Warning System) and filed on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)