Antanas Guoga Announces Filing of Early Warning Report Related to Banxa Holdings Inc.

Rhea-AI Summary

Antanas Guoga has filed an early warning report regarding the disposition of 1,000,000 common shares of Banxa Holdings Inc. (BNXAF) on March 20, 2025. Prior to the disposition, Guoga held 5,330,800 common shares, representing approximately 11.69% of the issued and outstanding shares. Following the transaction, his holdings decreased to 4,330,800 shares, representing approximately 9.48% of the outstanding shares.

Guoga maintains a long-term investment perspective and may either acquire additional securities through open market or private transactions, or sell shares depending on market conditions and other relevant factors.

Positive

• None.

Negative

• Major shareholder reduced holdings from 11.69% to 9.48%, potentially signaling decreased confidence

Toronto, Ontario--(Newsfile Corp. - March 25, 2025) - Antanas Guoga announces that he has filed an early warning report (the "Report") regarding the disposition (the "Acquisition") of 1,000,000 common shares (the "Common Shares") in the capital of Banxa Holdings Inc. ("Banxa") on March 20, 2025.

Prior to the completion of the Disposition, Mr. Guoga held an aggregate of 5,330,800 Common Shares, representing approximately 11.69% of the issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis. Upon completion of the Acquisition, Mr. Guoga held an aggregate of 4,330,800 Common Shares, representing approximately 9.48% of the then issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis.

Mr. Guoga has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

For further details relating to the acquisition, please see the Report, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca, or may be requested by mail at: Antanas Guoga c/o Sol Strategies Inc., 217 Queen Street West, Suite 401, Toronto, ON M5V 0R2, or by email at tonyguoga@icloud.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245983

FAQ

How many shares did Antanas Guoga sell in Banxa Holdings (BNXAF) in March 2025?

Antanas Guoga sold 1,000,000 common shares of Banxa Holdings on March 20, 2025.

What is Antanas Guoga's current ownership percentage in BNXAF after the March 2025 sale?

After the sale, Guoga owns 4,330,800 shares, representing 9.48% of Banxa Holdings' outstanding shares.

What was Guoga's ownership percentage in BNXAF before the March 2025 transaction?

Prior to the sale, Guoga held 5,330,800 shares, representing 11.69% of Banxa Holdings' outstanding shares.

What are Antanas Guoga's future investment plans for BNXAF stock?

Guoga maintains a long-term investment view and may buy or sell shares based on market conditions and other relevant factors.