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), has filed an early warning report regarding the disposition of 3,000,000 common shares through the Canadian Securities Exchange between December 10-12, 2024. Following the disposition, Guoga's holdings decreased from 51,763,267 to 48,763,267 common shares, plus 2,000,000 stock options. His ownership percentage reduced from approximately 35.23% to 32.70% on an undiluted basis and from 36.10% to 33.59% on a partially diluted basis. Guoga maintains a long-term investment view and may acquire or sell additional securities based on market conditions and other factors.

Positive

• None.

Negative

• Chair and director reduced his stake by 3 million shares
• Ownership percentage decreased by 2.53% on undiluted basis
• Insider selling could signal lack of confidence in short-term prospects

News Market Reaction – CYFRF

-9.53%

1 alert

-9.53% News Effect

On the day this news was published, CYFRF declined 9.53%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - December 12, 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 3,000,000 common shares (the "Common Shares") in the capital of the Company through transactions between December 10, 2024 and December 12, 2024, through the facilities of the Canadian Securities Exchange (the "CSE").

Prior to the completion of the Disposition, Mr. Guoga held an aggregate of 51,763,267 Common Shares and stock options entitling him to purchase up to 2,000,000 Common Shares, representing approximately 35.23% of the issued and outstanding Common Shares on an undiluted basis and approximately 36.10% of the issued and outstanding Common Shares on a partially diluted basis. Upon completion of the Disposition, Mr. Guoga held an aggregate of 48,763,267 Common Shares and stock options entitling him to purchase up to 2,000,000 Common Shares, representing approximately 32.70% of the then issued and outstanding Common Shares on an undiluted basis and 33.59% of the then issued and outstanding Common Shares 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/233586

FAQ

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

Antanas Guoga sold 3,000,000 common shares of Sol Strategies Inc. through the Canadian Securities Exchange between December 10-12, 2024.

What is Antanas Guoga's current ownership percentage in CYFRF after the December 2024 sale?

After the sale, Guoga holds 32.70% of shares on an undiluted basis and 33.59% on a partially diluted basis, including his 2,000,000 stock options.

How many shares does Antanas Guoga still own in CYFRF after the December 2024 disposition?

After the disposition, Guoga holds 48,763,267 common shares and stock options for an additional 2,000,000 shares.

What was the percentage decrease in Guoga's CYFRF ownership after the December 2024 sale?

Guoga's ownership decreased by 2.53% on an undiluted basis, from 35.23% to 32.70%.