Antanas Guoga Announces Filing of Early Warning Report Related to Sol Strategies Inc.

Rhea-AI Summary

Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly Cypherpunk Holdings Inc.), has filed an early warning report regarding the disposition of 2,938,799 common shares through the Canadian Securities Exchange between February 6-12, 2025.

Prior to the disposition, Guoga held 48,301,587 common shares, representing approximately 31.54% of the issued and outstanding shares. After the disposition, his holdings decreased to 42,540,588 shares, representing approximately 27.78% of the outstanding shares.

Guoga maintains a long-term investment view and may acquire additional securities or sell shares in the future depending on market conditions and other factors.

Positive

• None.

Negative

• Major shareholder reduced position by 2.9M shares
• Chair's ownership stake decreased from 31.54% to 27.78%
• Potential for additional share sales by major shareholder

Toronto, Ontario--(Newsfile Corp. - February 14, 2025) - Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly, Cypherpunk Holdings Inc., the "Company"), announces that he has filed an early warning report (the "Report") regarding the Disposition ("Disposition") of 2,938,799 common shares (the "Common Shares") in the capital of the Company through transactions between February 6, 2025 and February 12, 2025, through the facilities of the Canadian Securities Exchange (the "CSE").

Prior to the completion of the Disposition, Mr. Guoga held an aggregate of 48,301,587 Common Shares, representing approximately 31.54% of the issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis. Upon completion of the Disposition, Mr. Guoga held an aggregate of 42,540,588 Common Shares, representing approximately 27.78% 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/241044

FAQ

How many shares did Antanas Guoga sell in Sol Strategies (CYFRF) in February 2025?

Antanas Guoga sold 2,938,799 common shares of Sol Strategies between February 6-12, 2025.

What is Antanas Guoga's current ownership percentage in Sol Strategies (CYFRF)?

After the disposition, Antanas Guoga owns 42,540,588 shares, representing approximately 27.78% of the outstanding shares.

How much did Antanas Guoga's ownership in Sol Strategies (CYFRF) decrease?

Guoga's ownership decreased from 31.54% to 27.78%, a reduction of approximately 3.76 percentage points.

Will Antanas Guoga sell more shares of Sol Strategies (CYFRF)?

According to the report, Guoga may sell additional shares in the future depending on market conditions and other relevant factors.