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 2,201,800 common shares through the Canadian Securities Exchange between February 3-5, 2025.

Prior to the disposition, Guoga held 50,503,387 common shares, representing approximately 32.98% of the company's outstanding shares. Following the transaction, his holdings decreased to 48,301,587 shares, representing approximately 31.54% of outstanding shares on both undiluted and partially diluted basis.

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

Positive

• None.

Negative

• Major shareholder reduced position by 2.2M shares
• Chair's ownership decreased from 32.98% to 31.54%

News Market Reaction – CYFRF

-5.24%

-5.24% Session move

In the trading session that priced this news, CYFRF declined 5.24%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Toronto, Ontario--(Newsfile Corp. - February 5, 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 2,201,800 common shares (the "Common Shares") in the capital of the Company through transactions between February 3, 2025 and February 5, 2025, through the facilities of the Canadian Securities Exchange (the "CSE").

Prior to the completion of the Disposition, Mr. Guoga held an aggregate of 50,503,387 Common Shares, representing approximately 32.98% 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 48,301,587 Common Shares, representing approximately 31.54% 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/239809

FAQ

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

Antanas Guoga sold 2,201,800 common shares of Sol Strategies between February 3-5, 2025.

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

After the disposition, Antanas Guoga owns 48,301,587 shares, representing 31.54% of Sol Strategies' outstanding shares.

When did Sol Strategies change its name from Cypherpunk Holdings?

The press release indicates that Sol Strategies Inc. was formerly known as Cypherpunk Holdings Inc., though the exact date of the name change is not specified.

What is Antanas Guoga's position at Sol Strategies (CYFRF)?

Antanas Guoga serves as the Chair and director of Sol Strategies Inc.