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., has filed an early warning report regarding the disposition of 4,034,600 common shares through the Canadian Securities Exchange between October 31-November 6, 2024. Following the disposition, Guoga's holdings decreased from 35.97% to 33.21% on an undiluted basis, and from 36.83% to 34.11% on a partially diluted basis. His current position includes 48,545,067 common shares and options to purchase 2,000,000 additional shares. The transactions were completed for investment purposes, with Guoga maintaining a long-term investment view.

Positive

• None.

Negative

• Major shareholder reduced position by 4,034,600 shares
• Chair's ownership decreased from 35.97% to 33.21% (undiluted basis)

News Market Reaction – CYFRF

-15.60%

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-15.60% News Effect

On the day this news was published, CYFRF declined 15.60%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - November 7, 2024) - 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 4,034,600 common shares (the "Common Shares") in the capital of the Company through transactions between October 31, 2024 and November 6, 2024, through the facilities of the Canadian Securities Exchange (the "CSE").

Prior to the completion of the Disposition, Mr. Guoga held an aggregate of 52,579,667 Common Shares and stock options entitling him to purchase up to 2,000,000 Common Shares, representing approximately 35.97% of the issued and outstanding Common Shares on an undiluted basis and approximately 36.83% of the issued and outstanding Common Shares on a partially diluted basis. Upon completion of the Disposition, Mr. Guoga held an aggregate of 48,545,067 Common Shares and stock options entitling him to purchase up to 2,000,000 Common Shares, representing approximately 33.21% of the then issued and outstanding Common Shares on an undiluted basis and 34.11% of the then issued and outstanding Common Shares on a partially diluted basis.

The Disposition transactions were completed for investment purposes. 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/229229

FAQ

How many shares did Antanas Guoga sell in Sol Strategies (CYFRF) in November 2024?

Antanas Guoga sold 4,034,600 common shares of Sol Strategies between October 31 and November 6, 2024.

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

After the disposition, Guoga holds 33.21% of shares on an undiluted basis and 34.11% on a partially diluted basis.

How many Sol Strategies (CYFRF) shares does Antanas Guoga currently own?

Guoga currently holds 48,545,067 common shares and stock options to purchase up to 2,000,000 additional shares.